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Home My WebLink About95-04942 j :f' CJ) 1 R. j , ' . III '7 ~ ~ ~ J , \ (Q -:J- g: ) IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. IlALE AND RONALD L. MATZNER, Plaintiff (s) No. 1995-4942 PRAECIPE FOR ENTERING DEFAULT JUDGMENT vs. COMPONENT BUILDING SYSTEMS, INC. and LARRY V. WILLIAMS and CAROL D. WILLIAMS, husband and wife, Defendant (s) FILED ON BEIlALF OF Plaintiff(s) COUNSEL OF RECORD OF THIS PARTY: ) . J J I CHARLES E. BOBINIS, ESQ. PA I.D. #30665 Bernstein and Bernstein, P.C. Firm #718 1133 Penn Avenue Pittsburgh, PA 15222 412-456-8100 DIRECT DIAL: (412) 456-8102 BERNSTEIN rILK NO. 49347500 J. ... " . I, ) l .I I i; " , . , IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. HALE AND RONALD L. MATZNER, Plaintiff (s) vs. Civil Action No. 1995-4942 COMPONENT BUILDING SYSTEMS, INC. and LARRY V. WILLIAMS and CAROL D. WILLIAMS I husband and wife, Defendant(s) PRAECIPE FOR JUDGMENT To the Prothonotary: COUNT I - RICHARD M. HALE VERSUS LARRY V, WILLIAMS AND CAROL D. WILLIAMS. HUSBAND AND WIFE, JOINTLY AND SEVERALLY Kindly enter Judgment in favor of Plaintiff Richard M. Hale and against Defendants Larry V. Williams and Carol D. Williams, husband and wife, jointly and severally, above named, in the default of an Answer, in the amount of $223,946.77 plus interest at the rate of 12\ per annum from October 25, 1995 plus costs computed as follows: Amount claimed in Complaint $ 150,000.00 Interest at the rate of 12\ per annum to 10/24/95 $ 53,792.52 Attorneys' Fees claimed in Complaint $ 20,154.25 TOTAL $ 223,946.77 COUNT II - RICHARD M. HALE VERSUS LARRY V. WILLIAMS AND CAROL D. WILLIAMS. HUSBAND AND WIFE. JOINTLY AND SEVERALLY Kindly enter Judgment in favor of Plaintiff Richard M. Hale and against Defendants Larry V. Williams and Carol D. Williams, husband and wife, jointly and severally, above named, in the default of an Answer, in the amount of $151.421,00 plus interest at the rate of 12\ per annum from October 25, 1995 plus costs computed as follows: Amount claimed in Complaint $ 106,000.00 Interest at the rate of 12\ per annum to 10/24/95 $ 31,800.00 Attorneys' Fees claimed 1n Complaint $ 13,621.00 TOTAL $ 151,421.00 :~ VI _ RI::U; M. =E VERSU: LARRY V~ WILLr~ AND C 0 D. WILLI HUSB AND WI E. OINTLY AND SEVERALLY Kindly enter Judgment in favor of Plaintiff Richard M. Hale and against Defendants Larry V. Williams and Carol D. williams, husband and wife, jointly and severally, above named, in the default of an Answer, in the amount of $104,370.00 plus interest at the rate of 12\ per annum from October 25, 1995 plus costs computed as follows: Amount claimed in complaint Interest at the rate of 12\ per annum to 10/24/95 Attorneys' Fees claimed in complaint TOTAL $ 70,000.00 $ 17, 150 ,00 $ 17,220.00 $ 104,370.00 . HALE VERSUS COMPONENT BUILDING SY AROL D. WILLIAMS HUSBAND AND WIFE EVE;RALLY COUNT VII LARRY V. WILLIAM Kindly enter Judgment in favor of plaintiff Richard M. Hale and against Defendants component Building Systems, Inc.; Larry V. Williams and Carol D. Williams, husband and wife, jointly and severally, above named, in the default of an Answer, in the amount of $74,550.00 plus interest at the rate of 12\ per annum from October 25, 1995 plus costs computed as follows: Amount claimed in Complaint Interest at the rate of 12\ per annum to 10/24/95 Attorneys' Fees claimed in complaint TOTAL $ 50,000.00 $ 12,250.00 $ 12,300.00 $ 74,550.00 CO LARRY V. Y Kindly enter Judgment in favor of Plaintiff Richard M. Hale and against Defendants component Building systems, Inc,; Larry V. williams and Carol D. williams, husband and wife, jointly and severally, above named, in the default of an Answer, in the amount of $140,700.00 plus interest at the rate of 12\ per annum from October 25, 1995 plus costs computed as follows: Amount claimed in complaint Interest at the rate of 12\ per annum to 10/24/95 Attorneys' Fees claimed in complaint TOTAL $ 100,000.00 $ 17, 500.00 $ 23,200,00 $ 140,700.00 Kindly enter Judgment in favor of plaintiffs RichardM. Hale and Ronald F. Matzner and against Defendants component Building Systems, Inc.; Larry v. Williams and Carol D. williams, husband and wife, jointly and severally, above named, in the default of an Answer, in the amount of $1,136,916.00 plus interest at the rate of 12' per annum from October 25, 1995 plus costs computed as follows: ~O~~. RI~D M, !IAl.E AND RONALD F. MATiNER;;ER~ :MPO~ BUJ~;ING~~ST-;;S~NC.: LARRY V , WILLJ~= C OL D WILLI s, SBAND WIFE. JOINTLY AND SEVERALLY Amount claimed in complaint $ 724,000.00 Interest at the rate of 12' per annum to 10/24/95 $ 225,240.00 Attorneys' Fees claimed in Complaint $ 187,676.00 $1,136,916.00 TOTAL I hereby certify that appropriate Notices of Default, as attached have been mailed in accordance with PA R.C.P. 237.1 on the dates indicated on the Notices. P.C. B . At 1133 penn Avenue Pittsburgh, PA 15222 (412) 456-8100 Plaintiff: Defendants: c/o Bernstein and Bernstein, P.C., 1133 Penn Ave., Pgh., PA 15222 355 Green spring Road, PO Box 109, Newville, PA 17241; 1083 oakville Road, Newville, PA 17241; and c/o Albert Z. Bogert, Esquire, 317 Third Street, New cumberland, PA 17070 VERIFICATION The undersigned does hereby verify subject to the penalties of 18 Pa,C.S, Section 4904 relating to unsworn falsification to authorities, that the parties against whom Judgment is to be entered according to the Praecipe attached are not members of the Armed Forces of the United States or any other military or non- military service covered by the Soldiers and Sailors Civil Relief Act of 1940. The undersigned further states that the information is true and correct to the best of the undersigned's knowledge and belief and upon information received from others. ckLEU IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICIl1JU) M. }!l>.LE AND RONALD F. MATZNER, Plaintifh, civil Action NO. 95-4942 va. COMPONENT BUSINESS SYSTEMS, INC. end LARRY V. WILLIlIKS and cAROL D. WILLIlIKS, huaband and wife, Defendant 1MPORTANT NOTICE TOI COMPONENT BUSINESS SYSTEMS 355 Green sprin9 Road P.O. BOX 109 Newville, PA 17241 , Date of Noticel l () - \,).- ~S YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO TAKE ACTION REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN DAYS FROM THE DATE OF THIS NOTICE, A JUDGMENT MAY BE ENTERED AGAINST YOU WITHOUT A HEARING AND YOU MAY LOSE YOUR PROPERTY OR OTHER IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE. IF YOu DO NOT HAVE A LAWYER OR cANNOT AFFORD ONE. GO TO OR TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET LEGAL HELPI Lawyer Referral service PA Bar Asaociation P.O. BOX 186 Harrisburg. PA 17108 BERNST~.!!l~ BERN~~.P'C.. BY'.. {-/.. "Charles E; Bobinia, Eaquire At~oiney for Plaintiff 1133 penn Avenue Pittaburgh, PA 15222 412-456-8100 347S 1004.1 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. }!l>.LE AND RONALD F. MATZNER, PlainUfh, va. Civil Action No. 95-4942 COMPONENT and LARRY WILLIlIKS, BUSINESS SYSTEMS. INC. V. WILLIlIKS and CAROL D. hu.band and wife, Defendant IMPORTANT NOTICE TOI LARRY V. WILLIlIKS 1083 Oakville Road Newville, PA 17241 Date of Notice: _I 0 . I .) . q.s YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO TAKE ACTION REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN DAYS FROM THE DATE OF THIS NOTICE, A JUDGMENT MAY BE ENTERED AGAINST YOU WITHOUT A HEARING AND YOU KAY LOSE YOUR PROPERTY OR OTHER IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE. IF YOU DO NOT MAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET LEGAL HELP: Lawyer Referral Service PA Bar Association P.O. Box 186 Harrisbur9, PA 17108 BERNSTEIN AND ~EIN, P.C. BYI ..? . -' Charle. E. 8obini., E.quire Attorney for Plaintiff 1133 Penn Avenue Pitt.burgh, PA 15222 412-456-8100 347S1004. IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD H. HALE AND RONALD F. MATZNER, Plaintiffs, va. Civil Action No. 95-4942 COMPONENT and LARRY WILLIlIKS, BUSINESS SYSTEMS, INC. V. WILLIlIKS and CAROL D. huaband and wife, Defendant IMPORTANT NOTICE TOI CAROL D. WILLIlIKS 1083 Oakville Road Newville, PA 17241 Date of Noticel --10- l,f.' q5 YOU ARE IN DEFAULT BECAUSE YOU MAVE FAILED TO TAKE ACTION REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN DAYS FROM THE DATE OF THIS NOTICE, A JUDGMENT MAY BB ENTERED AGAINST YOU WITHOUT A HEARING AND YOU MAY LOSE YOUR PROPERTY OR OTHER IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET LEGAL HELP: Lawyer Referral Service PA Bar Aaaociation P.O. Box 186 Harriabur9. PA 17108 BERNSTEIN. AND BERNSTEIN, )..---- , P.c. BYI Chad". E... Bobinia, Eaquira Attorney for Plaintiff 1133 Penn Avenue Pittabur9h, PA 15222 412-456-8100 347S1004.a IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. HALE AND RONALD F. KATZNER, , plaintiffs, va. Civil Action No. 95-4942 COMPONENT BUSINESS SYSTEMS, INC. and LARRY V. WILLIAMS and CAROL D. WILLIAMS, huaband and wife, Defendant IMPORTANT NOTICE TOI COMPONENT BUSINESS SYSTEMS c/o Albert Z. B0gert, Esquire 317 Third Street New Cumberland, PA 17070 I- Date of Notice: -IO' I J. - q 5 YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO TAKE ACTION REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN DAYS FROM THE DATE OF THIS NOTICE, A JUDGMENT KAY BE ENTERED AGAINST YOU WITHOUT A HEARING AND YOU KAY LOSE YOUR PROPERTY OR OTHER IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET LEGAL HELP: Lawyer Referral Service PA Bar Asaociation P.O. Box 186 Harrisburg, PA 17108 BERNSTEIN AND BERNSTEIN, P.C. ---.... /...:? BY: \ /,: Char lea ,&. Bo5inls, Esquire ~At~orn.y for Plaintiff 1133 Penn Avenue Pittsbur9h, PA 15222 412-456-8100 34751004.1 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. HALE AND RONALD F. KATZNER, Plaintiffa, va. Civil Action No. 95-4942 COMPONENT BUSINESS SYSTEMS, INC. and LARRY V. WILLIlIKS and CAROL D. WILLIAMS, huaband and wife, Defendant IMPORTANT NOTICE TO: LARRY V. WILLIAMS c/o Albert Z. B0gert, Esquire 317 Third Street New CUmberland, PA 17070 Date of Notice: JO~ lJ." qS" YOU ARE IN DEFAULT 8ECAUSE YOU HAVE FAILED TO TAKE ACTION REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN DAYS FROM THE DATE OF THIS NOTICE, A JUDGMENT KAY BE ENTERED AGAINST YOU WITHOUT A HEARING AND YOU KAY LOSE YOUR PROPERTY OR OTHER IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET LEGAL HELP: Lawyer Referral Sarvice PA 3ar Aasociation P.O. Box 186 Harrisburg, PA 17108 BER~S!EIN AND ~EIN, P.C. BY; ~/---- ;. Charl..'E. BObinia, Eaquire . ,.. '--Attorney for Plaintiff 1133 Penn Avenue Pittabur9h, PA 15222 412-456-8100 347S1004.a IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICKARD M. HALE AND RONALD F. KATZNER, Plaintiffa, va. Civil Action No. 95-4942 COMPONENT BUSINESS SYSTEMS, INC. and LARRY V. WILLIAMS and CAROL D. WILLIlIKS, husband and wife, Defendant IMPORTANT NOTICE TO: CAROL D. WILLIlIKS, c/o Albert Z. Bogert, Esquire 317 Third Street New CUmberland, PA 17070 Date of Notice: J 0 ~ I J.' q S YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO TAKE ACTION REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN DAYS FROM THE DATE OF THIS NOTICE, A JUDGMENT KAY BE ENTERED AGAINST YOU WITHOUT A HEARING AND YOU KAY LOSE YOUR PROPERTY OR OTHER IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET LEGAL HELP: Lawyer Referral Service PA Bar Aasociation P.O. Box 186 Harrisbur9. PA 17108 BERNSTEIN AND BERNSTEIN, P.C. ,../---.'-~ ~-'. (8Y' ~ -- Charles'E. BObinie, Eaquire Attorney for Plaintiff 1133 Penn Avenue Pittaburgh, PA 15222 412-456-8100 34751004.1 ''\ .I.... ... . --, . ;. IN THE COURT OF COMMON PLEAS OF CUMBERLAND coUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. HALE AND RONALD F. MATZNER, No. 15 q q 4 L (l~-tL~ e. ,-)t L 1"- Plaintiffs COMPLAINT vs. COMPONENT BUILDING SYSTEMS, INC. and LARRY V. WILLIAMS and CAROL D. WILLIAMS. husband and wife, Defendants FILED ON BEHALF OF plaintiffs COUNSEL OF RECORD OF THIS PARTY: CHAALES E. BOBINIS, ESQ. PA I.D. #30665 Bernstein and Bernstein, P.C. Firm #718 1133 Penn Avenue Pittsburgh, PA 15222 412-456-8100 DIRECT DIAL: (412) 456-8102 BERNST.IN FILE NO. 49347500 )4."7S0815.9 ",.... - ". IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. HALE AND RONALD F. MATZNER, Plaintiff vs. Civil Action No. COMPONENT BUILDING SYSTEMS, INC. and LARRY V. WILLIAMS and CAROL D. WILLIAMS, husband and wife, Defendants COMPLAINT 1. Plaintiffs Hale and Matzner are adult individuals residing, respectively, at 71 Buchanan Road, Edison, New York 08820 and 1250 South Washington Street, Alexandria, VA 22314. 2. Defendant, Component Building Systems, Inc. ("CBS"), is a corporation having its offices and place of business at Newville, cumberland County, Pennsylvania. 3. Defendants, Larry V. Williams and Carol D. Williams ("Williams"), are individuals residing at 1083 Oakville Road, Newville, Cumberland County, Pennsylvania. 14.,5081S.9 ...... . 4. This action arises from a series of obligations owed to Plaintiffs by Defendants as evidenced by Notes and Mortgages as more particularly described in the Exhibits attached hereto. COUNT 1 - HALE V. WILLIAMS ON MORTGAGE NOTB DATED DBCBMBBR 28. 1992 5. Plaintiff Hale incorporates herein by reference thereto each and every of the preceding paragraphs of this Complaint as if the same were more fully set forth herein. 6. On or about December 28, 1992, for a valuable consideration Williams executed and delivered to Plaintiff, Richard M. Hale ("Hale"), a Mortgage Note, a true and correct copy which is attached hereto, marked Exhibit "1", and made a part hereof. 7. Williams granted to Hale as security for said Mortgage Note a Mortgage on real property known and designated as 1083 Oakville Road, Newville, Pennsylvania, which was recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania in Mortgage Book Volume 1112, Page 1124 as evidenced by a copy of the Mortgage attached hereto, marked Exhibit "2", and made a pan hereof. 8. Hale avers that after performance of all conditions precedent by Hale, as holder, Williams is in default of the Note and Mortgage by having not made payment to Hale as promised, thereby renderlng the entire balance immediately due and payable. 1411i081S 9 2 .. ... WHEREFORE Hale demands Judgment on Count I of the Complaint against Defendants, Larry V. Williams and Carol D. Williams, jointly and severally, in the amount of $221,696.77, with continuing interest thereon at the rate of 12\ per annum plus costs. COUNT II - HALE V. WILLIAMS ON MORTGAGB NOTB DATED APRIL 20. 1993 16. Plaintiff Hale incorporates herein by reference thereto each and every of the preceding paragraphs of this complaint as if the same were more fully set forth herein. 17. On or about April 20, 1993, for valuable consideration Williams executed and delivered to Plaintiff, Richard M. Hale ("Hale"), a Mortgage Note, a true and correct copy which is attached hereto, marked Exhibit "4", and made a part hereof. 18. Williams granted to Hale as security for said Mortgage Note a Mortgage on real property known and designated as 10B3 Oakville Road, Newville, Pennsylvania, which was recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania in Mortgage Book Volume 1164, Page 916 as evidenced by a copy of the Mortgage attached hereto, marked Exhibit "5", and made a part hereof. 19, Hale avers that after performance of all conditions precedent by Hale, as holder, williams is in default of the Note and Mortgage by having not made payment to 1471)0815 q 4 . Hale as promised, thereby rendering the entire balance immediately due and payable. 20. Hale avers that by letter dated July 18, 1995 which was served by Certified Mail and by ordinary mail evidenced by Postal Form 3817, Williams was given Notice of Intention to Foreclcsure pursuant to Act No.6 of 1974. A true and correct copy of the Notice and Mailing receipts are attached hereto marked collectively as Exhibit "3" and made a part hereof. 21. Hale avers that the principal balance due amounts to $106,000.00. 22. Hale avers that the agreement between the parties provides that Hale is entitled to interest at the rate of 12' per annum. 23. Hale avers that interest amounts to $30,210.00 to September 8, 1995. 24. Hale avers that the Agreement between the parties provides that Defendant will pay Hale'S reaeonable attorneys' fees to the extent of 10' of the balance due. 25. Hale avers that such attorneys' fees will amount to $13,621.00. 26. Although repeatedly requested to do so by Hale, Williams has willfully failed and refused to pay the aforesaid balance or any part thereof to Hale. 34750815.9 5 WHEREFORE Hale demands Judgment on Count II of the complaint against Defendants, Larry V. williams and Carol D. Williams, jointly and severally, in the amount of $149,831.00, with continuing interest thereon at the rate of 12\ per annum plus costs. C UN'l' III - HALB V. WILL AMS ON MORTGAGB TB DATBD SBPTBMBBR 17 19 3 27. Plaintiff Hale incorporates herein by reference thereto each and every of the preceding paragraphs of this complaint as if the same were more fully set forth herein. 28. On or about September 17, 1993, for valuable consideration Williams executed and delivered to plaintiff, Richard M. Hale ("Hale") , a Mortgage Note, a true and correct copy which is attached hereto, marked Exhibit "6", and made a part hereof. 29. Williams granted to Hale as security for said Mortgage Note a Mortgage on real property known and designated as 1083 Oakville Road, Newville, pennsylvania, which was recorded in the Office of the Recorder of Deeds in and for Cumberland County, pennsyl vania in Mortgage Book Volume 1164, Page 920 as evidenced by a copy of the Mortgage attached hereto, marked Exhibit "7", and made a part hereof. 30. Hale avers that after performance of all conditiOns precedent by Hale, as holder, Williams is in default of the Note and Mortgage by having not made payment to 34150815 9 6 ,- Hale as promised, thereby rendering the entire balance immediately due and payable. 31. Hale avers that by letter dated July 18, 1995 which was served by Certified Mail and by ordinary mail evidenced by Postal Form 3817, Williams was given Notice of Intention to Foreclosure pursuant to Act No.6 of 1974. A true and correct copy of the Notice and Mailing receipts are attached hereto marked collectively as Exhibit "3" and made a part hereof. 32. Hale avers that the principal balance due amounts to $100,000.00. 33. Hale avers that the agreement between the parties provides that Hale is entitled to interest at the rate of 12\ per annum. 34. Hale avers that interest amounts to $23,500.00 to September 8, 1995. 35. Hale avers that the Agreement between the parties provides that Defendant will pay Hale's reasonable attorneys' fees to the extent of 10\ of the balance due. 36. Hale avers that such attorneys' fees will amount to $12,350.00. 37. Although repeatedly requE'sted to do so by Hale, Williams has willfully failed and refused to pay the aforesaid balance or any part thereof to Hale. J4 iS081S. 9 7 41. Plaintiffs aver that after performance of aU conditions precedent by Plaintiffs CBS is in default of the Agreement by having not made payment to Plaintiffs as promised, thereby rendering the entire balance immediately due and payable. 42. Plaintiffs aver that by letter dated July 18, 1995 which was served by Certified Mail and by ordinary mail evidenced by Postal Form 3817, Williams was given Notice of Intention to Foreclosure pursuant to Act No.6 of 1974. A true and correct copy of the Notice and Mailing receipts are attached hereto marked collectively as Exhibit "3" and made a part hereof. 43. Plaintiffs aver that the principal balance due amounts to $248,000.00. 44. Plaintiffs aver that the agreement between the parties provides that Plaintiffs are entitled to interest at the rate of 12\ per annum. 45. Plaintiffs aver that interest amounts to $86,800.00 to September 8, 1995. 46. Plaintiffs aver that the Agreement between the parties provides that Defendant will pay Plaintiffs' reasonable attorneys' fees to the extent of 20\ of the balance due. 47. Plaintiffs aver that such attorneys' fees will amount to $66,960.00. HIS081S .9 9 , .- 52. Plaintiffs aver that after performance of all conditions precedent by Plaintiffs Williams is in default of the Agreement by having not made payment to Plaintiffs as promised, thereby rendering the entire balance immediately due and payable. 53. Plaintiffs aver that by letter dated July 18. 1995 which was served by Certified Mail and by ordinary mail evidenced by Postal Form 3817. Williams was given Notice of Intention to Foreclosure pursuant to Act No.6 of 1974. A true and correct copy of the Notice and Mailing receipts are attached hereto marked collectively as Exhibit "3" and made a part hereof. 54. Plaintiffs aver that the principal balance due amounts to $248,000.00. 55. Plaintiffs aver that the agreement between the parties provides that Plaintiff is entitled to interest at the rate of 12\ per annum. 56. Plaintiffs aver that interest amounts to $86,800.00 to September 8, 1995. 57. Plaintiffs aver that the Agreement between the parties provides that Defendant will pay Plaintiffs' reasonable attorneys' fees to the extent of 20\ of the balance due. 34150815.9 11 , , 58. Plaintiffs aver that such attorneys' fees will amount to $66,960.00. 59. Although repeatedly requested to do so by Plaintiffs, Williams has willfully failed and refused to pay the aforesaid balance or any part thereof to Plaintiffs. WHEREFORE Plaintiffs demand Judgment on Count V of the Complaint against Defendants, Larry V. Williams and Carol D. Williams, jointly and severally, in the amount of $401,760.00, with continuing interest thereon at the rate of 12' per annum and costs. COUNT VI - HALB V. CBS AND WILLIAMS ON LOAN AGRBIDIBNT AND TBRN NOTB DATBD OCTOBBR 8. 1993 60. Plaintiffs incorporate herein by reference thereto each and every of the preceding paragraphs of this Complaint as if the same were more fully set forth herein. respectively, and made a part hereof. 61. On or about October 8, 1993, Plaintiff, Richard M. Hale ("Hale"), and Defendants, CBS and Williams, entered into a written Loan Agreement and Term Note, true and correct copies of which are attached hereto, marked Exhibits "12" and "13" 62. As security for the aforementloned Loan Agreement. Defendants granted to Plaintiff a security interest in certain personal property as described on the UCC-1 H 7~0815, 9 12 Financing Statements attached hereto as the aforementioned Exhibit "9" and a mortgage on real property owned by Williams, known and designated as 1083 Oakville Road, Newville, pennsylvania which was recorded in the Office of the Cumberland County Recorder of Deeds in Mortgage Book Volume 1169, Page 977. A true and correct copy of the Mortgage is attached hereto, marked Exhibit "14", and made a part hereof. 63. Hale avers that after performance of all conditions precedent by Hale Defendants are in default of the Agreement and Note by having not made payment to Hale as promised, thereby rendering the entire balance immediately due and payable. 64. Hale avers that by letter dated July 18, 1995 which was served by Certified Mail and by ordinary mail evidenced by Postal Form 3817. Williams was given Notice of Intention to Foreclosure pursuant to Act NO.6 of 1974. A true and correct copy of the Notice and Mailing receipts are attached hereto marked collectively as Exhibit "3" and made a part hereof. 65. Hale avers that the principal balance due amounts to $70,000.00. 66. Hale avers that the agreement between the parties provides that Plaintiff is entitled to interest at the rate of 12' per annum. 67, Hale avers that interest amounts to $16,100.00 to September 8. 1995, H7~081S.9 13 6B. Hale avers that the Agreement between the parties provides that Defendants will pay Hale's reasonable attorneys' fees to the extent of 20\ of the balance due. 69. Hale avers that such attorneys' fees will amount to $17,220.00. 70. Although repeatedly requested to do so by Hale, Willliams has willfully failed and refused to pay the aforesaid balance or any part thereof to Hale. WHEREFORE plaintiff, Richard M. Hale, demands Judgment on Count VI of the complaint against Defendants, component Building Systems, Inc., Larry V. Williams and Carol D. Williams, jointly and severally, in the amount of $103,320.00, with continuing interest thereon at the rate of 12\ per annum and costs. coUNT VII _ HALl V. CBS AND WILLI>>CR ON LOAN AGRBBIIB:II'l: AND RBVOLVING LOAN NOTI DATED OCTOBIR B. 1994 71. Hale incorporates herein by reference thereto each and every of the preceding paragraphs of this complaint as if the same were more fully set forth herein. 72. On or about October B, 1993, Plaintiff, Richard M. Hale, and Defendants, CBS and Williams, entered into a written Loan Agreement and Revolving Loan Note, true and correct copies of WhiCh are attached hereto, marked Exhibits "12" and "15" respectively, and made a part hereof. J4 '75081 s. 9 14 73. As security for the aforementioned Loan Agreement, Defendants granted a security interest in certain personal property as described on the UCC-l Financing Statements attached hereto as the aforementioned Exhibit "9" and a mortgage on real property owned by williams, known and designated as 1093 Oakville Road, Newville, pennsylvania which was recorded in the Office of the cumberland county Recorder of Deeds in Mortgage Book Volume 1169, page 977. A true and correct copy of the Mortgage is attached hereto, marked Exhibit "14", as aforementioned. 74. Hale avers that after performance of all conditions precedent by Hale, as holder, Defendants are in default of the Agreement and Note by having not made payment to plaintiff as promised, thereby rendering the entire balance immediately due and payable. 75. Hale avers that by letter dated July 19, 1995 which was served by certified Mail and by ordinary mail evidenced by postal Form 3917, Williams was given Notice of Intention to Foreclosure pursuant to Act No.6 of 1974. A true and correct copy of the Notice and Mailing receipts are attached hereto marked collectively as Exhibit "3" and made a part hereof. 76, Hale avers that the principal balance due amounts to $50,000.00. 34'150815.9 15 83. On or about May 4, 1994, Plaintiff, Richard M. Hale and Defendants, CBS and Williams, entered into a written Revolving Loan Note, a true and correct copy of which are attached hereto, marked Exhibit "16", and made a part hereof. 84. As security for the aforementioned Loan Agreement, Defendants executed and delivered a Mortgage on certain real property, known and designated as 1083 Oakdale Road, Newville, Pennsylvania, which was recorded in the Office of the Cumberland County Recorder of Deeds in Mortgage Book Volume 1211, Page 366, a true and correct copy of which is attached hereto, marked Exhibit "17" and made a part hereof. 85. Hale avers that after performance of all conditions precedent by Hale, as holder, Defendants are in default of the Agreement by having not made payment to Hale as promised, thereby rendering the entire balance immediately due and payable. 86. Hale avers that by letter dated July 18, 1995 which was served by Certified Mail and by ordinary mail evidenced by Postal Form 3817, Williams was given Notice of Intention to Foreclosure pursuant to Act No.6 of 1974, A true and correct copy of the Notice and Mailing receipts are attached hereto marked collectively as Exhibit "3" and made a part hereof. 87, Hale avers that the prlncipal balance due amounts to $100,000,00. H 713081 ':. . 9 17 94. On or about May 4, 1994, Plaintiffs and Defendants, CBS and Williams, entered into a written Loan Modification Agreement, a true and correct copy of which are attached hereto, marked Exhibit "18", and made a part hereof. 95. As security for the aforementioned Agreement, Defendants granted a security interest in certain personal property which security interest was perfected by the filing of UCC-1 Financing Statments in the Offices of the Secretary of the Commonwealth and the Prothonotary and Recorder of Deeds in and for Cumberland County, Pennsylvania as evidenced by copies of the Financing Statements, true and correct copies of which are attached hereto, marked collectively Exhibit "19". and made a part hereof. 96. The aforementioned loan modification agreement is further secured by mortgages on certain real property, known and designated as 1083 Oakdale Road, Newville, Pennsylvania, which were recorded in the Office of the Cumberland County Recorder of Deeds in Mortgage Book Volume 1112, Page 1124 (Exhibit "2"), Mortgage Book 1164, Page 916 (Exhibit "5"), Mortgage Book 1164, Page 920 (Exhibit "7"), Mortgage Book 1169, Page 981 (Exhibit "11"), Mortgage Book 1169, Page 977 (Exhibit "14") and Mortgage Book 1211, Page 366 (Exhibit "17"). 97. Plaintiffs aver that after performance of all conditions precedent by Hale Defendants are in defaul t of the Agreement by having not made payment to Hale as promised, thereby rendering the entire balance immediately due and payable. 14ir,Otl15 9 19 ... 98. Plaintiffs aver that by letter dated July 18, 1995 which was served by Certified Mail and by ordinary mail evidenced by Postal Form 3817, Williams was given Notice of Intention to Foreclosure pursuant to Act No.6 of 1974. A true and correct copy of the Notice and Mailing receipts are attached hereto marked collectively as Exhibit "3" and made a part hereof. 99. Plaintiffs aver that the principal balance due amounts to $724,000.00. 100. Plaintiffs aver that the agreement between the parties provides that Plaintiff is entitled to interest at the rate of 12\ per annum. 101. Plaintiffs aver that interest amounts to $214,380.00 to September 8, 1995. 102. Plaintiffs aver that the Agreement between the parties provides that Defendants will pay Plaintiffs' reasonable attorneys' fees to the extent of 20\ of the balance due. 103. Plaintiffs aver that such attorneys' fees will amount to $187,676.00. 104. Although repeatedly requested to do so by Plaintlffs, Defendants have willfully failed and refused to pay the aforesaid balance or any part thereof to Hale, J4H081S q 20 - MORTGAGE NOTE $150,000.00 Newville, Pennsylvania December 2f? , 1992 FOR VALUE RECEIVED, Larry V. Williams and Carol D. Williams, of Newville, Pennsylvania, 17241, (hereinafter, whether one or more, called "Obligor") promise tq pay to the order of Richard M. Hale, of 71 Buchanan Road, Edison, New Jersey, 08820, (hereinafter, whether one or more, called "Obligee"), his heirs and assigns, in lawful money of the United States of America, the sum of One Hundred Fifty Thousand ($150,000.00) Dollars, and any additional muneys loaned or advanced by any h.,ldcr hereof as hereinafter provided, as follows: On demand, after two (2) years from the date hereof; with interest on the outstanding balance payable monthly at the rate of twelve (12%) percent per annum. The parties hereto agree that this note will be temporarily secured by a third lien mortgage on Obligor's home real estate situated in North Newton Township, Cumberland County, Pennsylvania. Obligors anticipate that they will proceed with survey and related matters so that their property can be subdivided and their present first mortgage be made a first mortgage on their home and about forty (40) acres of adjacent land. ~ben this is accocplished, releases will be recorded which w11l result in the mortgage securing this note becoming a first lien on certain lots to be subdivided off of Obligor's home. These lots will be offered for sale and upon their sale, Obligee will be obligated to release them from the mortgage in return for a release consideration payment equal to the net sale proceeds for such lot, after payment of customary costs of sale. This Note shall evidence, and the Mortgage given to secure its payment, shall cover and be security for any future loans or advances that may be m~de to or on behalf of the Obligor by any holder hereof at any time or times hereafter and intended by the Obligor and the then holder to be so evidenced and secured as well as any sums paid by any holder hereof pursuant to the terms' of said Mortgage and any such loans, advances cr payments shall be added to and shall bear interest at the same rate as the principal debt. In case default be made for the space of thirty (30) days in the payment of any installments of principal, or interest, or in the perforoance by the Obligor of any of the other obligations of this Note or said Mortgage, the entire unpaid balance of the principal debt, additional loans or advances and all other sums paid by any holder to or on behalf of the Obligor pursuant to the terms of this Note or said Mortgage, together with unpaid interest thereon, shall at the option of the holder and without notice become immediately due and payable, and one or more executions may forthwith issue on any judgments obtained by virtue hereof; and no failure on the part of any holder hereof to exercise any of the rights hereunder shall be deemed a waiver of any such rights or of any default hereunder. The Obligor hereby empowers any attorney of any Court of record within EXHIBIT .-4-. a '. .. the United States of America or elsewhere to appear for the Obligor and, with or without complaint filed, confess judgment, or a series of judgments, againat the Obligor in favor of any holder hereof, as of any term, for the unpaid balance of the principal debt, additional loans or advances and all other sums paid by the holder hereof to or on behalf of the Obligor pursuant to the terms of this Note or said Mortgage, together with unpaid interest thereon, costs of suit and an attorney's commission for collection of ten (10%) percent of the total indebtedness, on which judgment or judgments one or more executions may issue forthwith upon failure to comply with any of the terms and conditions, of this Note or said Mortgage. The Obligor hereby forever waives all right to request judgment be stricken or opened as well as the necessity of filing any affidavit of non-military service. In addition, the Obligor waives all notice of levy as well as any right to request a releaae from levy from any and all real and personal property levied upon or attached. The Obligor waives all defects or irregularity in any writ of execution, levy, foreclosure or service as well as all legal and equitable ground a for stay or setting aside of execution or foreclosure. In addition, the Obligor waives all notice of sale and all rights to petition to set aside any Sheriff's or executing officer's sale and waives all rights to make exceptions to any Sheriff's or executing officer's distribution. The Obligor further waives the benefit of all appraisement, stay and exemption laws and all bankruptcy or insolvency laws now in force or hereinafter passed, any law, usage or custom to the contrary notwithstanding. ,. This obligation shall bind the Obligor and Obligor's heirs, executors, administrators, successors and assigns, and the benefits hereof shall inure to the Obligee hereof and its successors and assigns. If this Note is executed by more than one person, the undertakings and liability of each shall be joint and several. This Note is secured by a Mortgage of even date herewith upon real estate deacribed therein. :itn:g ~ ~~ ~ ~) 2 ,/' - ,,/ , MORTGAGE TillS MORTGAGE made the ;> i~ day of Dv GMA I,~ ,19Q 1.. . between Larry V. Williams and Carol D. Williams, of 1083 Oakvllle Road,~wville, PA 172~ I, (hereinafter whether singular or plural called the Hortgagor), and Richard M. Hale, (hereinafter called the Hortgagee). WITNESSETH: I WHEREAS, the add Hortgagora, of 1083 Oakville Road, Newville, PA, (hereinafter called the Borrower) have executed and delivered to Hortgagee a certain Note (hereinafter called the Note) payable to the order of Mortgagee in the principal sum of One Hundred Fifty Thousand ($150,000.00) US Dollars and has provided therein for the payment of any additional money a loaned or advanced thereunder by the Hortgagee, together with interest thereon ~t the rate provided in the Note, in the manner and at the times therein specified, and containing certain other terms and conditions, all of which are specifically incorporated herein by reference; the release provislona contained in the Note are hereby incorporated herein by reference. NOW, 'i'HEREFORE, Hortgal\or, in consideration of said debt or principal sum and as additional collateral security for the payment of the same and interest as aforesaid, together with all other sums payable hereunder or under the terms of the note, or any note or notes, writing or writings, contract or contracts, now or hereafter made, endorsed, assigned, delivered or guaranteed by the Borrower herein, and now due and to become due, or for any not~ or notes, writing or writings, contract or contracts given in exchang.., substitution, extension or renewal thereof, and now or hereafter dhcounted, purchased, Accepted, taken or used by the Hortgagee for the Borrower herein, does grant and convey unto the Mortgagee, Ita successors and assigns, ALL THAT CERTAIN real estate (together with any Improvements erected thereon) situate in the Township of North Newton, County of Cumberland, Commonwealth of Pennsylvania, (hereinafter called the "Property") known and designated aa 1083 Oakville Road, Newville, PA 172~I, title to which was acquired by Hortgagor by deed dated January 26, 1989, and recorded in the Office of the Recorder of Deeds in and for said County in Deed Book "U", Vol. 33, Page 120, aa the Property ia therein described, which said deacription ia hereby incorporated herein by reference hereto as fully aa if said description were eet forth here in ita entirety. TOUETIlER with ell the buildinga, improvements and appurtenances whatsoever thereunto belonging, and the reversiona and remainders, renta, hsues and profits thereof and also together with all hesting, plumbing, cooking and lighting fixturea and equipment, and all screens, storm windows, storm doors, awnings, and ahadea, now or hereafter sttached to or installed in or used In connection with the real estate above described. TO HAVE ANll TO HOLD the ume unto and for the USe of the Hortgagee, Its successora and aasigns, forever. rROV1I>ED, HOWEVER, that if the said Mortgagor shall pay and perform, according to the conditions hereof and aald Note, everything to be paid and pH!orm~d 81 aforesaid, then the estate hereby cony. yed and granted shall Ei:H~BIT .~ a become null and void. MORTGAGORS hereby certify that there are no divorce proceedings in any jurisdiction affecting either of their abilities to mortgage the above Property. MORTGAGOR covenants and warrant a that Mortgagor has full fee simple title to premiaea above described; that the buildings on the premises shall be kept insured against loas by fire and other casualty for benefit of Mortgsgee in smounts satisfactory to Mortgagee, with stsndard Hortgagee cleuse; and Hortgagor will pay any tax, aaseasment I munic ipal or other governmental charge, including water and sewer renta charged to said premises and will deliver to Hortgagee receipts therefor immediately upon demand. IN the event of default hereunder, Hortgagee may institute an action of mortgsge foreclosure hereon. If Mortgagee retains an attorn.y to institute action on said Note or an action of foreclosure on this mortgage, Hortgagor ahall pay, in addition to the principal, inter.st and costs, an attorney's coll.ction fee aa provid.d for in the said Not.; and if a judgm.nt is ent.r.d in favor of Hortgage. against Mortgagor in said suit and Hortgag.. th.reafter s.cures a Writ of Execution or other appropriate writ, Mortgagor waives all rights and ben.fita under any snd all laws or rules of the court now or hereafter in effect, granting or permitting any exemption or stay of execution against the mortgaged premises or any other property whatsoever, and such judgment shall bear interest at the rate provided in the Note (or the maximum legal rate if less than the contracted rate) until the full amount of the debt is actually paid. THE word "Mort gag.." ahall b. constru.d to include succesaor. and ossigns of Mortgagee, and the work "Mortgagor" shall be conatrued to include the r..p.ctive heirs, .x.cutora, adminiatrators, succ.ssora and assigns of Mortgagor. If there is more than one party nam.d h.r.in as a Mortgagor, the word "Hortgagor", wh.nev.r occurring, shall b. d..med and taken to b. the plural; and all covenants, waivers, warrants, promis.s and rel.aaes by, and the obligations or liabilities imposed upon, Mortgagor under this mortgage shall bind them jointly and s.verally, tog.ther with each of their r.spective heirs, .x.cutors, administrators, succ.ssors and assigns. PROVIDED, HOWEVER, that if the Hortgsgor shall pay all of the afore~aid ind.btedness, int.r.st and other amounts which may be owing h.reunder or under the accompanying Note, and shall fully per! orm n11 the covenants, conditions and sgre.ments set forth or incorporated her.in and in said Note, then this Hortgage shall be void and released at the expense of the Hortgagor, snd the estate hereby granted and conveyed shall b. void. IN WITNESS WHEREOF, and intending to be legally bound hereby, Mortgagor has her.unto set hand and seal the day and year first above writt.n. Wl~j~: 0 I r' 6n^-h 1L\[lJJi~A Q, c/lll'lr iJcnt I' L1~f{(!;.(,I1k,!:PtAs"'- ~'! ;. (., \: I; " 11/(/ i./. ~t/t.LI.,J.,dl'EAI. arol D. Williams 2 -, COMMONWEALTH OF PENNSYLVANIA 88: COUNTY OF CUMBERLAND On thia, the :28"+i day of b.(U:'~ ~ . A.D. 19.9.!..., befpre me the underaisned officer, personally appeared Larry V. Williams and Carol D. Williams satisfactorily proven to be the persona whose names are subscribed to the within inatrument and acknowledsed that they executed the same for the purposes therein contained. IN WITNESS WHEREOF. I hereunto a1. - (SEAL) NOTARIAL SEAL 1Wil1~ ~ C DAIO!l ....lIly PubIc NlllII ~...,," 1'IIt~ ,..........rilI Co,. PA .. at.... ".n.,",blIt22.'III ..~f~A$~,~~PlMc , ~r, :".;". ~""""...~,,:. Co. PA .;,: .'- 22.1_ IW~ /.../,(, 't Title of Officer My C01lllD1ee1on Expirea 9/"l.)../" , . I do hereby certify that the precise residence and complete post office address of the within named mortsasee NJ 08820. Date: P'r. 21 / , 19~ 'J :) .,.tQ,a.J"""1 ~~,:{, ~ ..h~ . . .At '1 r... /'Ie-+- "Vt ("Vl1"I "'\-4.N'rJ """tll "IIUl'.d ... - ('0('1' 1'.51 ,-, - ,. ., c ~ m I B I ~ i :::) B . r '^"-V ~ \ \ : fY\ ~\ ~tt . \}\ Q '~J ...,.../\ e. i "" ""f' . ' cl J /.'I'IlJl pp~ ....t.. '~y I' ,....~ "'''' I' ',Iry :: .h......1'I ~ P"O :paIIlC:>f1l "Y4 115I1I1Y:> A.l.NnO;) ONnIlJ8Wll;) sana ~o Jia~O)31 ~O i)I~~O a~ a \sI1:! ii tmr eG. ':'\n' .,," I 4lo^ "l~"1'J:,,--.,'I'" "J ,1."0'".''' , - ..... - ^ '1~~.~',:;~3'J c:y':!Q 3-.. ..~-' .... ......l , . . ~.':' r .';.... ~'.].l' :.: . -:- , I ... o i o u := ... ~ ... o ~ ~ S L() en ~ , ~ ....... , 8 ~ ~ . .. , ~ ~ ~i"~ 9Si~~: ~ u a ~ ;:; Ie ... 0 ~ · or ~ .. ~ '" c c .. ~ i \l ~ or , .. . i ;;: ~ IE i o .. = .. c i i ! I ! ... 'G: WI ... ... . c: .. 9 i u r IS! I z !l ~ ~ AllClR1\:EYS AT LAW BERNSTEIN AND BER. f\JSTEIN, P.c. . tt"'lr'IIIIIM~"TlI' ., "'''''1 to: 1 ~ III M'~tt 1"'1: 'CIIAkI.L'l ",ltll"" NKJIOLA)lJ ~kAW1C . MAkLtN[ I ItUP\~"1tIfr\j "\\1" ~ "'AlI HllUJI " "lkN~nIN ,.llAVI!IIt II"GENFLLTf.M . tlHISlI )l.1ye1 lOll A GlltoiON . AlJO...._"'I....111 . <l.UO'......".11.. ""_... '........._"1.........,..-.. ._.......n.I."_.--.. A PIl:Of[H10"AL (o.rO.ATIO~ 11:\:\ r[NN AY[NULI'1-m\ttUkCIt, rENNSYLVANIA IS::Z 1l::L[ltUON[tU2....~100 nUCOt'lEIO In21"~13S July 18, 1995 Larry V. Williams Carol D. Williams 1083 Oal:ville Road Newville, PA 17241 FilE COpy Re: Richard H. Hale and Ronald Matzner Vs: Component Building Syscems, Larry V. Williams and Carol D. ~illiams BERNSTEIN FILE NO. 4934;500 Dear Hr. & Mrs. Williams: NOTICE OF INTE~~ION TO FORECLOSE HORTGAGE 1. Noc~ is hereby given in compliance wich Act No.6 of 1974. Section 403, that a law suit may be commenced against you thirty-one (31) days from this date, because the various loan and security documents held by Richard H. Hale and Ronald Haczner on your property located at 1083 Oakville Road, Newville, PA are in serious default as follows: A. Under the Forbearance Surety Agreemenc dated october 8, 1993 Hr. and Hrs. Williams are in default as a result of their failure and Component Building Systems' ("CBS") failure to comply wi~h the terms of the Forbearance Agreement dated October 8, 1993. B. Under the Loan Agreement of Octo~er 8, 1993 and ~he T.rm Note of October 8, 1\193, defaults have occurred by the bilure to pro'/ide timely financial reports of CBS and financial reports of Wi:liams, as well as to proceed wi~h the property development required under ~6. 7 of the Loan Agreement and thO! failure to make payment of $70,000.00 by April 8, 1994 under the Term Note dated October 8, 1993. C. Default has occurred under the Forbearance Agreement as a result of the failure to proceed with che property development. and as a result of defaults under the Loan Agreement ot October 8, 1993. D. Under the Revolving Loan Note of October 8, 1993, default has occurred as a result of the failure to pay the ~ntire obligation under the Note by April 8, 1994, EX~HBaT ;;,.. . ATTC1R!\:[YS AT LA\\' BERNSTEIN AND BERNSTEIN, p.c. . tt"""'I!IIIJIl"'lI" "MI,"U:1 ~ ttIN'''lIl1\ . "liMa'.., ""'1UI~I" !'\K.'kU" U t.kA"-'ll' . '-IANLlN[ I UlkNSTlIN 1M"" ...AU Ik 'IlLlI ^ t1ut'~I' IiIM\'Il." 1I,,,;..,,nnN IkMlfl.tl ".,u lU'U ^ ~.IIN'1' , ",,,,,,'.._nll',","1 . .........'_""'.....".... ........,....11'.....'''.._. ..,,,...'_'fJl'''''....'_ A r.O'(UI(l~AL C{llrOI,,'IOJII 1133 rEN,..; AV[NUE,I'lmUUWCII. I'ENNSYLVANIA 15:2: nLErHtlN[ 1"12~s..&1(11 TtLECOMIJI: 1.121.~lJ~ E. Under the Term Note of October 8, 1993 for $70,000.00, default has occurred as a result of the failure to pay the entire obl1~ation under the Note by April 8, 1994. F, Under the Loan Modification Agreement of May 4, 1994 default has occurred by the failure of CBS and the Williams to pay the bolances due under the Loan Agreement, Forbearance Agreement, For~cnran~e Surety Agreemsnt, Revolving Loan Note and Term Loan Note by !.ovf:'Ilber 1, 1994. Additionally, CBS and the Williams failed to make interest payments pursuant to the Loan Modification Agreement. Further, CBS and the Williams heve failed to provide cash budgets, financial reports of CBS, financial reports of Williams end eligible contrect lists pursuant to the terms of Article VII of the Loan Mo~ification Agreement. G. The failure of the Williams to deliver to Hale their stock certificates in CBS. H. Default has occurred under the Revolving Loan Note of May 4, 199L in that paymsnt in full was to occur on November 1, 1994 and nn payment has been made. The total amount now required to cure this default, or no,", ~ue under the various obligations are as follows: (i) Pursuant to the Loan Modification Agreement, the amounts due under the Forbearance Agreement, Forbearance Surety ~grecment and Loan Arreements of October 8, 1993 was $822,040.00 a~ of May 4, 1994. Those obligations all continue to bear interL~t at 12' is $724.000.00. As of May 4, 195:., interen of $98,040.00 had accrued. Interest on $724,000.00 at 12' per annum from May 4, 1994 tt.:'ougll July 18, 1995 :s $1(.4,732.25. Interest ..ill continue to accr~e at $238.03 per day aft~r July 18, 1995. Therefore, on the obligations that existec pr:~r to May 4, 1994, under the Loan Modification Agreement, the principal and interest balance due as of July 18, 1995 is $92u,77=.25. plus continuing interest from July 18 at $.38.03 per day. (i1) Under the Revol\':ng Loan Note of May 4,1994, ther.. is a balance due of $100,000,00. Interest on that amount at 12\ per annum through July 18. 1995 is $14,446,00, Continuing interest is $32.88 per day after July 18, 1995. ATTOR!'\EYS AT LA\\' BERNSTEIN AND BERNSTEIN, p.c. '''~I'llt 111M'....,'" ., Mt)"l~l!' t11.k"""l.l' '(IIAtllt.'" IIl'lln,"l!'> "K.IKlLA!ii U t.kA~'H . M"Rl[NlIIIU~I'. ow,,,,, "AU IKlLlIl ^ t1lMNSUIN ~ UA,"'IUn lI~tNFl.lT[It J IOHN tI )C.nCE 1.(lWI A ClINlN " .'."1_"",,.111 . ...........nll....tll..... ..IIO...._nu.......'...._.. t _..._""...._._ A r ao, I S S I (l ~ A L ( 0 R ru It AT 10 ~ II).' rEN~ AYfNUt, MmHURGU. rENN!"YlVANIA IS:~ nLErH(lNL ,,12"'~M100 T1::LECOI'1EtI t412,4>>tn3S (iii) Pursuant to the various loan documents, CBS and Villiams rave agreed that Hale and Hatzner may recover, as attorneys' fees for collection, 20' of the amounts due. (iv) Hr. Hales has advanced an additional $25,000.00 at the company's request to provide funding for payroll and legal expenses. This amount was advanced to protect the ongoing oper..tion and the value of the assets. I t is added as additional loans and/or expense of col1sction and enforcement. (v) The total due as of July 18, 1995 is $1,066,238.25. 20' of that amount is $213,241.65. In the event it is necessary for Hale and Matzner to engage us to enforce your obligations to them, you may be liable for $213,247.65 in attorneys' fees. This would brinG your total to $1,279,485.90. 2. If full payment of tha amount of default is not made within thirty (30) days wa intend to file a lGwsuit to foreclose on your property. If a foreclosure is instituted, your property will be sold by the Sheriff to payoff thia debt. If you cure the default before we begin legal proceedings against you, you will have to pay thp reasonable attornay's fees and costs, actually incurred. However, if legal proceedings are started against you, any attorney's fees will be added to whatever you owe and may also include reasonable costs. 3. This payment must be made in cash or by cashier's check or certified check. 4. The default must be cured on or before thirty (30) days from the date of the mailing of this letter. otherwise legal proceedings may be commenced on the thirty-first (31) day to foreclose on you~ property. If the property is foreclosed upon, your property will be sold by the Sheriff to payoff the debt. 5. If you do not cure the default and the ection is commenced. you will have the right to pay the amount of the default then due, plus c~sts of the proceedings and attorney's fees, up to one hour before the scheduled time of the Sheri!f's sale of the property. 6. It is estimated that the earliest date that such a Sherif!'s Sale could be held would be approximately three (3) months from the date of this notice. A notice u! the date of the Sreriff's Sale will be sent to you before the Sale. The amount n!eded to cure the default will increase th~ longer you wait. You may find out at ftny time exactly what the required payment will be by calling us at the follo~in& number (412) 45f-8l00. 7. At the Sheriff's Sale, the property will be sold to the highest bidder and you will be divested of owr:ership and possessio:'!. Z DOll 774 405 . c: ~ Receipt for ,,0 ~1-, Certified Mail --(\) _ No Insurance Coverage PrOVided .:::1::.m 00 not ute for Internallonal Ma.1 ISee Reverse) Z DJJIl 774 404 ........ Receipt for ,,~) ~ 7 ~ X" Certified Mail i _ No Inlurance Coverage PrOVided ::r'....~:.\ 00 not use 'or Internallon.1 Mill ISoe Aeve,..1 ,,,1,1..0 'M '''1,1,./1'" :io~c.., Or,'\""~ 'M Speot'" D.!..... ... fl'''ltClf'CI 0.111'''''' f.. Flftl1tCl.CO"I......,FH I PIllu....R.t.OOI5hOW\llflljl _ 1('1 VII"Om , 0.... Dr_eel 4; ~.Iu'" A.not S~ 10 ~ ~ o.,,.,fIrt 'dOr.....', Adere.. i !O~Al "0". o &F.., $ o CD C'l ~ I~ /~) /6 RllloIl" RKeLt!' ~"r>"''''O 10 Who'" .. 0'1' ~~.a fl"",.. "~oCll ShO""'V to Whom 011. .<\dA(tItfnloft ,AlJttlfI' tor"l.l>a'l'~ $ J ~ 3 ... OIl .... J: ~ ;x i' ' 1 I ; I ! ." o 3 ... OIl - ~ J: !l - CD OIl CD I I I - - - CD OIl CD - .. :: ID il W /II ~ ~ ~ _: ~ '~~fZ :~~ ! i -:, l III ~R r~. /;0: ~ , . ~ :v - .. - I o .. - " .. o I.. I~ - .. .. ... o - .. .. ... o - .. - , o .. - ',,' : , .. ; i if :tf :1 f :rr ~ll " '.. .. :: J .' ;f :, : . : , : - J '~:":',-:.....r;:'~ ~... I i l~ I, " " .....1:- 'j-, :. ~..... ~ !- .. ~-. " .' P. .2"'.07 , lSS;:p-ti6-9:S THU 14:~6 KORTi;AG IL!f..Q.I.tO Newville, Pennsylvania April JJL-, 1993 FOR VALUE RECL1VEU, Larry V. Williams and Carol D. Williams, of Nowv111e, renm'ylv",nLo, 17241, (hereinafter, wbether one or more, ca1l...r1 "obligor") prollisCIii to Ilay to tht order of Richard M. ll~h:, (.f. 71 ouchanan Road, Edbon, Ne~ .:J'e~'QY, 08820, (herElinaft.(lI:. wlll~ther one or more, eaUec1 "Obu'geetl), his hdrlO and lIs(;igns, in lawfullloney of the United states of America. th~ $um ot One H~ndre4 S1~ ~hoU5anc1 ($106,000.00) Dollars, and llny additional money' loaned or advanced by any holder hcr~c'i as hereinafter provided: wlt~ interest on the outstanding ual~nce payable monthly at the rat. of twel~e (12') PQreent per nllnum, payable a8 tollow$: $45,000.00 ot princip~l on or before May 21, 1993/ $30,500.00 of principal on or before Junlt 21. 1993: and the bdanc:. of principal on or before July 7.1. 199). $108,000.00 The partie. hl:!reto il<jn'(' ~h~t this note will be secured by a llIortCjJaq8 on Obligor I 5 hO\l\~ r~" \ estate situated in North N.",t.on To'Wn5hip, CUllIbarl':lnd (""JIlI Y. Pennsylvania. This Note stli:lll evid",nee. bud tlHl Mort9age CiJiven to secure ita payment, shall cover and be ~ccurity for any future loan. or a4vances that llIoy be mllde t(, 'JI on behalf ot the Ob1iqor by any ho14er hereof at any tilllt' or UIlIOS hereafter Bnd intended by tb4 Obl1qor and the then holder to be $0 evidenced and secured as vell .a any sums p~id by any ho\der her.gf pursuant to the terms of ealli Mortgage and any such l"M'~. advances or payments shall ~. a4ded to and sh~ll bear lnt~r~~t at the same rate a. the principal debt. In CA&;Q d.-fau) l \,." l...d," 1..1 1..11.. sflace of thirty (:10) clays in the payment of ~,n)' In~.titl1m€'nts of principal, or intenst, or in the 'Puforlll.1ncl' bi' lIw l'1d i<Jor ot any of the other obliqations of tIll';, N('.t(- or. r,aid Ho!'tga9~, the entire unpaid balln!;e of the princlr~l r.l~'llt. ,j.\dit:icnal loan. or advances e.nd all other sums paid b)' ~Il:,' hoJ(I.~r ';" ,'r on benalt Or the ObUqor pursuant to the tf'rms oC thi~ ~'.lt,,- or said Mortc;aCjJ., together vitti unpaid interest th~reon, ~hall at the option or the bolder and without notice bec(Il'\~ lmlf.cdi3ldy due and payable, anc1 o"e or 1lI0U executions m"'Y fnl'~h""Jth is,,u4 on any jud9l\1ent. obtained by virtue hereof. ,~.Ild 11') 1...,1 ,It'''" O)n the part ot any holder hereot to clC~rci,,(. .IIlY vI I t1... I i9ht~ hereunder shall be delmed . waiver or lIny :-Ih;h t i',I""~ (I' .)1 ",,'y default hereunder. The ObI i;l<lr ,,<:', (:b,' ..'t.>,' ,'..I.., '. ~:1~' ..ttorney of any court. of t.L) ; I j(SEJ.1.) , I 1 \ I , \ . ~~p_I&_9~ THU l4:~7 P.lil3.....l/l"r record within the United St;.ltl:S ot Alnerica or ellewheX'e to appear for the Obligor I1n<1, wi.th or withQut complaint filed, ~onfe.s judgment, or a sPT1es or jU~9~cnt5, ogaln-t tha Ob1190r in ravor ot ~~y holder hereot, 65 of any term, for the unpai~ balance of thQ princip~l debt, additional loans or advances and all other sums paid by the holct~r hereot to or on behalf of the Ob1i.9or pursuant to the terM.. of tt'.is Note or sai4 HortgogO, tQgether with unpaid interest thet:eon, costa of suit and an attorney's commission tor collecti~n ot ten (10') percent of the total lndebtednes!!l, on wh.i.c1\ jU(.19ment or judgments one or more exeoutions ~ay issue forthwith upon tailura to comply with any ot the UtlllS and conditioHs of this Note or said Mort98Qe. The Obligor heretly forever waiveG all. riliht t;) request juc1q111ent ),)6 st.dcken or opened as wo:o11 as; the nilcessity or tllinq any aUidavit of non-milituy scrvi.:::E'. In addition, the Obligor waives all notice of levy as well as any right to requnt a rele1l58 trom levy from any (I"d all real and personal property levhl! upon or attached. Th" Obligor ....aiv09 all detect' or irreqularity in O\ny writ, of t:)..~cuticm, levy, torae1.oSU1:'G or ,ervlee as \lel). <I:; olll \(:.;a1 '!lId equiteble qrouncl.a for stay or !l~ttinq nide ot execllt.ion l't foreclosure. In addit1on, the ~..bl 1qor waives all "otic'~ of :",le ~nd all rigt,ta to petition to ii rd: aside any Shl'ltiff':; ot' €,vt..:uti.ng officer'S sale and waives I III 1 rights to mal:e "IICP.pt iono;; to any Sheriff I 0 OJ:' executin; officer's distribution. Thp Obligor further waives the b(Jndit of all appraiselllent, :;t.))' ~nd eliml\ption laws and .\11 bankruptcy or insolvency laws n:>w in t.1T(':~ or hereinafter pa3S~~, any laW, usage or custom to the contrary notwithstanding. 'this obliqaticon sh.lll biJlJ thw obliqor a.nd Obligor's helIs, executor., admini~trator~. ~uccessors and 3s!iqnl, a~d tho ))eneUlS henof sl1a11 inllt.. to the Obh~ee h<<reo! and its Guceessors and assigns. It thh tlote is execllted by JIlcr4 than on. pereon, the undert~kin'J" And liElbility Of neb &Ml1 b8 joint and several. 'this Note is !;oclJrl',1 bV ., !':O[ t9,,~e of even dat.. t.erewltb upon real estate d"scrib(.d therci". witness: .Ie.. ~ (. ----. ~kl3~fA.,.__ ----- l.:\rry i S~P-\6-93 THU 14&~7 p,04....1lI? f1Qwrc.AGJ:: orRIS MORTGAGE m.lde tho .l.'.2.~-day uf trf .{': I or' U!)3, between Larry V. williilms and Carol D. Williallls, of 1083 OaltvUle Road, Newv1l1u, l'A l"/241, (hereinaftQr whCltber cin9ular or plural called tne Mortgagor), end R1chard H. Hale, (hen1nafter celled the Mortgage.,) . WI'l'NESf,F.'l'lt: WHE~tAS, the .:..1 d MOl.t.y.1LJUU;, oe 1083 OaltviU. Stoad, NewvUle, PA, (hereinatter .:al1r.:rJ the sorrower) have executed and delivered to Mort9~geo ~ ~e~~~in Note (hereinafter called the Note) pllyable to the ord~, of Mortg1l9C!4l in the prinoipal GUlli of One Hundred Six Thcous"nd ($106,000.00) US Dollars ond has provided therein for the pllyment of any additional Illoneys loaned or advance4 thereunder by the Mortqagee, to~.ther with interest thereon at the rate pl:'ovided in the: Note, in the lIIanner and at the t1~es therein sp4cificrl. und eontaininq certain oth.r terms and oond1t.ions, all of whict. dU spClcifical1v 1noorporatecl berein by reference. NOW, THEREfORI:, Mortgagor. ill t.:onsideration ot uicl debt. or principal SUlII and liS additi"n'l) .-;ollateral sccudty tor the payment of the sallie and illtt:r.)':.t as aforesaid, t.ogether ~lth all other SUllIS payable hereund,"r '.'t' ~\llder the term. of the note, or any note or notes, writing ~~ writings, contract or contract., now or hereafter made, cndor~~d, a$si9ne~, delivere4 or ljluaranteed by ...:,e 8o:t:rc'.:er h"H' in, and noW due and to tleC:OI:le due, or for any note or nclu~;, writin9' or writings, contract or contracts 91".' in exchange. ~.ub~:t i tution, extension or renewal thereof, and nuw or her.~after olccounted, purchased, accepted, taken or u5ed by the Mortga<Jru', f<'lr the 80rro,..er herein, doea Vrant and ~onv.y unto the Kortqdyee, 1t. successors and ass19nl ALL THAT ccwtAIN rMal ~~tate (together with any l\l1provelllent& erectllld thI'P'()/l) ~l tuate in the Township of North Newton, County of Cl.ll'llbcrl<tnd, Commonwealth ot Pennsylvania, (hue1naftel' clll1..d the "PrOp"'lty") kno....n llnd desiqnated .. 1013 Oakville Road, Newvi1l~, p~ 17~41. title to Which wa. acquirtd blf Mortljlaqt'r by deed davd J"nU..11-'{ 26, 1989, and recorded In the Office Of the Recorder nf lll"NL in "nd for uid county 1n Deed Book IOU", Vol. JJ, P.1'j~' 1;>0. ,,~. the ~roperty 1& therein de:scr1becS, which ;>.:I).d d.s':""r~ ton is hvreby incOl'~ .,rated htrein by reference h6rElto as f\; 11 'I i'l$ if said description were eet EXHIBIT a ~. p.0.....DT . S&P_16-9a T~U lA.e. contr.ct" r.t.) until tn. rull "",une of e.. ..ue i. .ctuall' pa1d. THE ~or" "Mort.gagee" r.hall be construod to include successor.: and llss;igns of I'\ot t'J~9t:e. ~ncS the work IIl'1ortQa90~1l shall ~. construed to includ~ the raspective heirs, executor., ad~1ni,trator', succas~ors ~nd asSigns ot Mort9aQor. If tbere I. ..r. t..n .n. p.rty n...d he,.in 'S . ..rt....r, the word 'IlOr,;...r', ...n.vet .ccurrin., ..,ll b' d..ed .n4 ",.. '0 .. th. p,ut." .nd ,II e.ven..t., ..iv.'s, warr.nts. pr..ls,' .nd releaaes by, and the obligation~ at li3billti85 i~po'ed Upon, ......... und.r ..i. ......... ,noll .in4 th.. jointly .n4 ,.verallY, t0gether with ~ach of their respective heir., exeoutors, administr.ators, 5Uc~e$~or6 and aS61Qns. p~OVIOEO, HOWEVER, that if th~ Mortqa9or shall pay all of the aforlsaid indQbtednc~~. interest 3nd othor amounts which may b. ow1nq hereunder or und~I' the ",CCO\l,pany1nQ Note, and shall fully perform all the covenant:<'. con~itions and a9X'aelV.ent. set forth or incorpontp.d Mr~ill ;-Iud in sald Note, then thb KortQage shall be void ~n.j re 1 eas.od at the expanse o~ the Hort:c;Ja9or, end the estate l'.al""by qr6ntcd and eonvQye4 shall be void. 1~ WITN!:SS W\ll;;R~:OF. "nol i nh.lldlng to be legallY J:)ound herel:lY, Mortc;agor has h~l..unlo :;oo?t hllnd and ..a1 t.he day and year first above writt','ll. , jj . ..:. ~_.~ -#jJJ ~ I - J p.O:z....OT ~E~-1~~~3 THU l~:~. MQBT~A9E NOn $100,000.00 Newvi\le, pennsylvania ~J.. I~ ' Uu FOR VALUE RECEIVED, L4rl~ V. willla~' and ca~ol D. W!lUau, 0' Newville, P..nJ~..ylV41Iia, 1'241, (hereinafter, whether one Qr 1II0re, call ad 1I()bli(jor") pro~i'e. to pay to the order of Richud M. Kale, of 71 Buchanan Road, Edison, New "eZ'sey, 08820, (hcr"inaHt,r, whether one or \IIore, called. "O~1i~et"), hh heir!". and il!"os.i9n::;, in lawful 1II0ney oft-he united States of America, the su~ of On~ Hundred ~housand ($100,000.00) Dollan, and any ~dditional 1lI0n<lYs loaned or advanced by any holder hereof as herC'ina1'tllr providod: with intereSt on the outstanding balance payable a,('lJ.thly dt the rate of twelve (12') · percent per annum, pay~bl~ as fnllows: on de~and, one year after date. . The partifl~ horot() Illjll'O:C' I h~lt Lhio note will be .ecurod by . ~ortgage on Obligor'S homo! real estate situated in North Newton Township, Cumberland county, pennsylvania. This Note sMll p.yiclem:~, and thw MOJ:tc;aC;l& qiven to socure its payment, shall covel' ~nd b~ security tor any tut~r. loanl or ad~ano.. that may be ma~~ to or on behalf of ~h. Obli90r b1 any hold.~ hereof at any time or time~ hereafter and intended >>y the Obltqor and the then holder to bc so evidenced and &ecurtd. .. well as any ,UIllS paid h}' any holder hereor pursuant to the ten:. of sai4 Kort9aqe and any such loans, advances or pay~ent. shall ba ad4e4 to and 6hall bear interest at the Ullle rate as tha prlncipal debt. In ease default b~ mad~ (or the space of thirty (30) day. in the plly'll'.ent of arl}' int;t,II11Ir.,'nU; of principal, or interut, or in the performanc" by t,he Obligor of any of the other ob119ations of thu r:ot~ or :o.,id Mortqao., the .ntir. unpaid balance of the p\"incip:,) d..VI:, ,j.tdi-.:i.onal 10an15 or .ovance. .n4 .n other sums pud by "'IIY h'Jldl?r to or on behalf of the Obli\lor pUI',uant to the tHIlIS nf th\<'. llvLe o~ saicS Mortqag8, together wlth unpaid intcrcl:it tlulrc("" ~:l...ll ~t the option t\. the holder and without notl-Cf! bec:om'" il:\:lI~\h..t())y due arid pay . a, and one or ~or. execution~ may forthwith issue on any judgment. obtained bY virtue hereof: and 110 t" 11 ,nOll on the part of any holder hereof to exerCiH .HIY of the nghts hereunder .hall be deemed , waiver of any sllch ll'-IM', l~r (If any default hereunder. The \. 1i901 h"r..l.y ""I.....' I J ,SI'Y attorn!)y ot any court of EXHIBIT a "e e record within the t.:;'Iit.~d :itatl':; tIC A/r.edcd or elsewhOre to appnr for the Obliqor and, with O}' without complaint filed, confess ju4glllent, or a "ftde~ 01 Judgments, lIl'ila1n.t the oDU.~or in tavor of any ~older her~ot, as of any term, for the unpaid balancl of the principal debt, additionel loan. or a4vanoes and all other .um~ paid by the hOlder hereof to or on behalf of the Obligor pursuant to the t~tm& of this Note or aaid Kortva9" tQgethar with unpaid interest thero!on, costa of eui~ and an attorney's cOI1\I1\1$9i(1I\ for coll(,:ction of ten (10'> percent of the total indebtedness. on which iud;mQnt or judgments on. or more executions .ay issue fo~thwith upon failure to comply with any ot the terms and condltion~ of this Note or said Mortvavo, The Obligor hereby for&v~r wa'vo~ a)J right to request ju49ment b. stricken or opened ~s wall <J$ '\-he necessity ot fllinq any affidavit of non-milit.ary $tlrvice. In addition, the ObU9or waivu all notice of levy IHS w('l1 as !any ri9ht to requut: a release from l.vy trom any And all real and personal property levied upon or attached. The Obligor waives all defect! or irregularity in any writ ot execution, levy, fonclo:luu or service as well as all legal ~nd equitable qround~ for stay or settin9 aside of execution 01' foreclosure. In addition, the Obligor waives all notice ot sale and all rights to petition to cat aside any Sheriff's or ~xocutinq officer's .ale and waives aU riqhts to make exceptio/'lS to any sheriff'. 01' exec:utinq off$.cer'8 distribution. The Obligor tl.ll:'ther waives th.. benefit: of all llpprlli~emQnt, stay and exemption laws and all ban~ruptcy or insolvency laws now in force or hereinafter passed, any low, usage or custom to the contrny notwithstandinq, This obligatiulI shall bifid tile obliqor and Obligor" hein, executors, administrators, successori and assigns, an4 the benefits hereof shall inun' t'J the obliqee hereof end its .UCC8S1ora and usign!l. If th!c' llc.te is executed by 1II0U than one per.on, the und~rtakln':l~' ..nd liability or nch shan be joint and several. This Note is ~ecureu Ly ~ Mort~a9Q or even ~ate herewith upon real estate described th~tein. Wit~~i // 1/. ~r 1/:--= ,IJ ,/J v1., "" __' _ " SEP-16-~~ THU 1~:40 , , .:)4"'07 MQ Rf(~.!lla& ni'b r THIS MORTGAGE made the__ d:tY of .;), , uu, betweon Larry V. williams and Carol D. illlacs, ot 1083 Oakvill. Road, Newville, PA 17;143, (hereinafter whether dngular or plural oalled the Hortgd~orl, and Richard M. Kale, (hereinafter oalled the MortgBg~ei, w l'I'N1:S::; t,TH: WHEREAS, the to:, id Mor.ttJ.l~(>r,;. af 1083 oakville ROad, Newville, 1>,., (h.rot'inaftm' t::l<lh'd the BorroWer) have executed ancS dtHvered to l'IO:.-tl?'lgefl .~ ct!rtO$ in Note (hereinafter called the Note) paye))le to th.. order of Mortgagee in the prinCipAl SUM of On. Hundrtod Thousand (~1nO.(lOO.OO) US Dollan anlS has prov14e4 therein tor th~ P-"YlI""t (,1' bny additionalllloneys loane\! or t.dvanced thereunder by thenrtqll9ce, toqether with interest thereon at t.l'.e rate provic: :I l tt.(~ Ncte, in the manner and at the times therein specifieo and containing certain other term. an4 conditions, all of. \.'~ Jell are specifically incorporated berein by reference. NOW, THERl::fORE, lohrt9'.:sg,". '" ',~~r.idQration ot $. ,'.I debt 04' principal sum lHi(t as addit.i.ur..~ .;, ','~ i.l~t~ra.l I~curity Cor tt'.0 payment of the i"a,. and intereH ,,> ,,foresaid, tc.;ether with t\~l other r;ums payable hereunder Ct "uder the terltl or the note, or any note or notes, wr.i.ting or' ',iritinqs, oontract or contracts, now or herQatt. t' made, .::ndcr.,.;.'(\, assiqned, delivered cr quaranteed ):I)' the e()rrOWI~r h~l'. ~rl, and now clue and to becollle due, or (or any noto or nolo '. ...r ltlng or wr~tin'18, contract or contract a given in ~xch.""" :ub;;t)tutiC'n, extension or renewal th..:-eof, and no.... or I;d'.'~' .r; di.~cO""'ted, purChased, accepted, taken or USf:' ty the ~',.)I'tg.9.1A f'" lie BorrO\ler herein, does grant 6.nd co:"' ". unto' $> MI'lYtqagt" :ts a\lCCe&50rS and II.i9nl ALL THAT Ci:RT,' Y",,! ,.",t:,lt.~ etl. eJ:' with any illlprovellicnt9 lrrected tl...I'.O. 'HtU,)t.' 1'\ th& ,. "nship of North Ne\tton, County )t C\Ir,t\erl.. J, COIllll\I. ,"ealth of p&nnIYlvania, , (hereinafter c ,ed tho; "Pl"'_Ft:!rl y") known and clesiqnated as 1012 ",leviU. Road,ew~liA, p" 17,~l, title to which wu acquired lIy Mortvagor b' ..!eed ' -.,.d ) >...,<21''( ".;, lYSg, eneS t. or\!e4 in the , Offic. of tile Rl,.cord of "\,,'. ar.u toJ:' !laid C' ;!":ty in DelIS I Book "U", Vol.' aq'> l \ J. t. ~c Ffopert::' : a therein d.s"rtbed, wtach .' jus:. ",'reby lnecr,p$ute4 h.re1n by refer<,nee hHO!~ ,;\ .I', ..~. 1escl'iptlon wero 6ft ( I EXHIBIT ( . . . . p.e7....07' 5~P-~.-9. THU 1~:~7 COMMONWEALTH OF PE~NS~LVAHI^ .. . .,.... COUNTY or CUMBERIAND ; On tbb, the 1't1. dall. ?,4, 5~,,~t'V\ , A.D. 19 !fL, before me ,1- J/iiJ;;;rL ~.?JL:\ , ~h. undllrlli9ned officer, perconally appeare4-X:Ury v. William. and carol D. Will iall1. , ntiefactorily proven to be the penons whose nall1.. art aubacribe4 to the within Inr.t:rUl11ent and aoknowledged that they axeouted the &81118 for tho purpose~ therein contained. IN WITNESS WHI::RI::Ol-', I hC\"("ounto 5Qt illY hand ...,. U I- ..' (/ '" (:. NOTARIAL SEAL '. .. ~LTON C, OAVIS, Nollly PullIlC 7Jt- "N.,Nq~Twp..~Co,PA ~ ~ r II, ......lVIIaIonExjlirasSllp'.emoor22. 1M ._ ....LiC9 ' ~it II Officllr My CnmmbH,jon Expires 51/ ~7).J I~ I do hereby c_~tify ~hat ~hQ prQcise r~Qid.nc. and complete post office address of th~ w~lhln ~nal11edmort9agee is 77 Buchanan Road, Edison, NJ 08820. , L/ /J · Date: ~f,/7) _..., 191)- ~f.1f!.:. Attorney tor -.I!f..~J~ and offiClial ~ (SEAL) -.-- -. l'ORIlFAIW~---' - -.. - -- - ~ --. .. - _ _ .-a=_ --.:a -~ FORBEAkANCE AGR.E>>Wfl' is __-.lId ..\_..4 into ~ aryj bat 1881'1 JOlALD ~'. ~ a!J1 RIOiARD H. HALE. i.rWyj~].s (hcreiniltw referred.to ~ "it'lll>"l,--'- _ AND ---_. ---- - - --- ~_.- CXHPama' HIli I J tlrI; ~~ a Pennsvlvania w.u.}J'" ......~,.., hmdnr:j its prJncipal office in Newville, Pennsylvania ("CBS"). -'- - - Wl'ImSSElH 'lHAT - - ~"M::. t-h<>~ &Dtari1d intD ~ dated IIpdl 27th-and-llpril J~. J.990, Were Hale had sold, and CBS had pJrCbased, Hale's shares of stoc:lr"1n CBS; - WHEm:1IS, in aocordanoe with the terms in the Agreement, Hale was 1.0 L.......lw certain jlayments until a total 6lI1l of 'Ihree Hllu:h:e..l Fifty 'lhoosan:I Do11ar-...{$350,000.OQ) had been received; - - WHEm:AS, CBS was current on its obligations under the J\gl:eer.1eItt Wltil September 1991, at Mlic:h dJ!D-;t 10eIt jJ'1to lRrlmlt, Mlic:h default Nm cxmtinued Wltil -. today; - ___ _ ._-_. .--- - WHEm:AS, the parties attenpted to negotiate a mcxiification to said Agreement in or A'-~ l"Y+l'IhDp .1Ri4y lIbici1 ~ never fiI\Al;7M; . ~, as a ~~ ot'tm'a ~TlIale fliIS~~ righ~ remedies wru.aine can ;~y pursue in::1uling-mer14t~ tOseeJc1M-!iJlte j,,'\g......1l for the total balance 0Jt.starx:tin:J; - - _ _ WHEm:AS, CBS has requested Hale to forbear fran the hm....rliate alll.ect:.i.cn of the obligations represented ~ the April 27th Agl....ment; and ~ . .~ - -. -..- rm, 'IHEREF'CJU:, for am in oonsiaeraua, or...the ~ses- ~ stated herein, am inten:lin:J to be legally fain1~, the parties neret:O agree ana &rr"pilate _ fo110101&: _ _ _ _ -- - 1.. '1he faregoizxJ recitals are ll.c:4.......ated tiere1n by p.........'1QI! -as t:I'b.lgh ttluy se~-- 1\.... t1. herein. - - - ------. - 2. '1he iIIIlCU1t ClWIIId S2-.Hale as of October .-B, 1993~ urdIll"- tN!. Aptll 27:-I990~ --=.- _ Agl.eElu.iIt &hall l:le liSt at 'I\io a,nh..,d Forty-Eight 'llla1san:l. D:l11ars-{$248, 000. 00) , on..-. Ib.:h..,d Ei~ Dol.lan; (SM;OOO.OO) t:J!b'g the principal bahmltUwumer the- . _ terms of the April 27, 199-0-; ~.;..,.;;a, ani ~""",,"""'M1klllars ($40,(jOO-:-~_llein;J.- a J'lI.......... agreed I.IpOIl ~ the parties to oazpensate Hale .tar CBS's .default, interest, _ __legal fees, ~ am tTlI:t-" ilaD:reci with respecL.to_CBS~default .lIIL.throo>gh _" october, 1992. Hale a<p: ~~ to forbear 00 the oollectioo .of tha.. Doc HIlrxlred ~ Eight 'Iho.lsarrl D:l11ar ($248,000.00) obligation until April 8, 1994-: . - 3. Interest shall accrue 00 the obligatic:n made the subject of. this Fortearanoe .a.--A. ~ 0C:tcber 8, 1992, at the ..- lITlIUlI"Tl!lte" of twel.... perd'ih~112'). Said interest shall be aQjed to prin::ipal ard be irmMiatcly due and payable on April B, 1994, or such earlier date as may be awlicable as below described. -- .... _.. EXrUBiT .~.. --:' - ... - __ .a 4. Ig:mt F'l:!eS. e.",L" "1lTd~~. a3S stnll pay, ...ltMn_ thirt:y-130)-~L.- _ havin; bee:l i,nvci.cxxl, lJ.If'j l~l fees, ~.a ~ iIoJrred by Hale with respect -to tll&-eervieift! ~f tfii.lIgrel!1ll9l~''"lnclUtiing, I1Jt not lilnited to; fees, oosts-arrl __ ~ with l~ to any ac;ti.vj,ty to enforce al1Y-r~ of~l1! in the - event of default or at maturity-,.'U fIfT':/ other activity related to the obligation lI\!lde __ the SI.ltlject nf 'l'hi", J\gl:eement - .. --- .-- -. _ .s..- Grant of SRuritv LII,=_1.. 'lb secure the payment ani performance in tull oY __ All obligations un::1er this Forbearanoe.h.lr~, CBS herel:1i grants to Hale a continuin:J _..security L.telest in ani 1:ten upon, ani a zight to 1>et off-against, am CBS herel:ly --. .. ~19!lS ani pl~ to Hale, all of tJ'Ie lXlllat.eral as hereinafter defined. 6..-J'Oblil!llKlensU as UIIed in this J\gl!MIMIAt liII'lMi _ any.u all nhH'J"'t.i.aIw~ this ForI:Jcarance ~""'l.ent alag with ard any iiiirall other irDe):ltedness, liabilities and oblilpttians -ci ~ kird, nature amrl..~iptiClll alirg by CBS -to Hale.- J~-~11M~11t shall ~"'" el-i-m t~ follnwim LD..'.-' tv: _ _ _ __ alll'lOil CIWl'IIId-aro hereaft,Ql' acrpl;TQd right, title an:!. LIl....._L u! ~ 1", to am in respect of all acx:nmts, intere&ts and goods represented by accounts, ~,I'It:18:\1ned or L""i' CHOO goods' with respect theretoCl!'I! Tights as !ll'r unpaid vemor; cxmtract rights;dJattel paper; general intangibles (incl\ldin;J, mt -not l-illlited to, tax and. duty retun:ls. ~- ard-unregi.stered JllI.~.ts,- tr=l""""rks, service marks, ccpyrights, trade names, awlicatians for the -fc:llt"8gOiJJ:J, trade secrets, good will, t4(':.-e<"~esT~' blUllfX'inta, aJ8taIIK' ~J licenses, ~ ~lioeP""'" QC lioeI-~, cn::-~ in act.iCln and other cliilmST-aAB -eKist.' -am fub.Iie"J.QilS8holaliitet'9Sts in ~; real estate _lnJ __ - -- elJlll-t' . and fixtures); dcx:uments; inst;Iunents; letters..of credit; aooeptanoeIJ -. or guarantees; cash Dr:lfli.es. deposits, seo.lri.tie:>. Dank acx:amts, de;xlsit accounts, credits and other propei1:Y iiijior1lereafter held in any capacity l:7t. Ra1.e, its affiliates or any entity which, at any time, participates in Hale's financln;J of CBS or at any depository or other institution; agreements or t"-'-'t'= Lj ~ or -rel!ltirg to 7I!rf of the J:fB& referred to al:x:JYe; - -.--. -- _ _ -::=: iil"r"rni a./I"o!d~ hereafter: aoguirE'd right, title am interest of CBS in-;- t:c ard in J::~ of, goods, incl~, I1Jt rot: l.iJlti.t -' -txr. all ll"-'~;rI. Wer'eYer l~, Wether rni ~ or ~ter ~~>ltla~ ~, -na""ture or de.sci'1pticn;- incli.ldi.i'ij all raw matetlals, woiI[ In t"-00llS8, finished -~, andma-.er.talS 'to be used""-ml'lS\lllleJd in\::BS'B 'blS1nessi and all MII8II or 1I'l\t'le!J ctJj:~ -to or to I;e affi,xeli_t;hereto fQJ" ~:pCI!!1!" of selling - by the JU:t,,~,... 1M.m1facM1'P"'Pr, l-~.QI". or licensor ~--- -- -- all eql1il.,,j!.~.L ani fixt.un!s, 1ItlereVer_ locat:lll!;-~ lUll VWI.l:t!l or hereafter acqui.red, incl~, withcut limitatia\, all 1IIl!1Chi.n8ry, ~, mat:or vehicles, furniture am fixtures, am any.J!lld all ackiitions, IlUl:stitutions, l"!f'l'" - ..ata (inclwln;J spare parts), ard atXi 1 iaw U-eot ard thereto; . -- - --- all 0Cl0S\lIIIBI" goods, farm products. c::rops, tiJnber, ll\int!rals or Jie like ._- {i.rK::lucl1rq oil and gas), whereVI'!r loaatA1, ~ I'IOil CMled or tlereatU!r _ ~,of 1lt\atever kim, natura a deoiIcriptia\; ---- - -- .... - --. - _'::- 2 ----- - .h _ all rDoI o.med aryj hereafter aCX)l.linrl right, title ani interest of CBS in, m<md in r=t-"_L of :my roal-.ol vl1=. ~1 pU''1Jt:LLy in"'tlr utJU" w'l,ic:h tibl",_. _ha;o; az:...Jll.:ly hcr,caftar have a security intarest,~ JJr right...cf.......tnFt; -=:. -- all present~ boclY..s an:! leoords relatJ~ _t.9 any of the above incl~, witho.1t -lwtation, all ~ ProogrM1!l, printed ootp.It ani CXIlpJter readable data in tbe poo~~<:inn or control of cas.. arry ~ .service Wr6aU 2!"tlther tlLtrd partr,. 1!J'd _ _-. _. _ _ _ --, all ~ ani plCJOl"<rlc: of the-lorEgolrq in whatever fonn ani wherever located, jrcl\Xiirg,-vithaJt.lilllitation, a1i:""insuraooe ..... I.. am all claims n-=:--:cIgainst third ~ -tar loss or destrm:tia1 of or ,bo.._gp to any of the faregoin;J . -- B. IrIs\II-ariOe. CBS will maintain at all ti1nes adequate insurance to the - satisfaction of-Hale with :i1sn'ers ~lable 1:0 Hale against such risks of loss as Me custanarily insured against am in llI1D.Ints custararily carried by persons a.min;J, __. J.....c:irq or opera~ similar~, incll.XiiJ'q, but not limited to, fire, theft am exten:Ied coverage insurance in an llI1D.Int at least equal to the total full insurable -value-of the c:olldl.o.u:..l, ...vlfided l.....t1..... U...L t1""""2I!""",,,L vl"1mCtr i..........cu.ce shatl-llt all times be SIlfficient to prevent CBS fran becx:1n.ing a co-insurer under the tents of any insurance policy. --am i.n;;urame -Clall haw a lag fonn l....:b. '. lCIIII~p!yllbl~ ~l:iIi favor of Hale providing for at l~ thirty (30) d!IyS' -written notice to ~ -prior to canceH~ion am, in -this--regard, CBS shall cause a certificate of insurance to be delivered to Hale no later than thirty (30) days prior to the expiration c of any such i.rlsuraA:le.ocMill"al:]e. CBS will also keep themselves adequately insured at all ti,....., ~ liability on a~t Of} inj';1I)'_to jlBr&CI'5 or prcpert.y am CCIIply with the _~--provisions of all ag>lical:l e wOr"{ii:"~.s ~tion laws ani wil~.QCt aU such .insurance under valid ani enforceable policies ic:.",......J by inSurers of r-.y..ized __rg;ponsibility. ~t.hi!'\ 30~ of this Fortlear'ala! J\gl:eemelit, am thereafter within ninety-(90f days. of the close of each fiscal year, CBS will deliver to Hale a schedule irxlicatin;J aU ihsuranoe then in farce. "Ill U= event- CI!iS fail I:u ~ insurance as hereinabaYe provided, Hale is authorized-at its'election to e:y the CCl6t of insurance am CBS agrees to repay alllO.llllS " so paid 00 denarowlth inter at the rate of twelve percent (12\) per annum. - Unb repayment, all such SlJl6 shall be secured by the security interests provided for herein. - ~ Dei7ei'6anii-n:-:-1.arry V. Willillll&" am Carol D. Willilllll8 shall ............~lish the:.wlMn:ud.tJ] nsr""""'" to_the real .,.,ldtctlhictl 8E!r'WIl as c:ollatenll under the ForbeM-a1lae ~ executed <Xrlt"'V""ansously with this Forbearance 1qr- - - (a) have SUOC.....nM, on or before Novanber 1, 1993, to have - the S1l:rliv1!;1m P1ans tar the- real estate en the appropriate m.mi.cipality's pl.arn:inl.........i.....ien'. agenda at i,,~ first sd1eduled _tin;J after NcMIIlbl!r 1St; (b) have lots f.raD the sutxiivisia'lS available far sale en or before April 1, 1994; aryj (e) have reset a pricin;J of the sub:iivisions en or before JUly 1, 1994, am wery three -=ntha thereafter, Wic:h 3 - ~- pricirq will be corducillP. to dfl orderly sale dI'x.I shdll - h:M:!- bcl!n ncceptod ~. HaTe. - _... ~- -_. ---. .. . _~. PaVJ1Bltt.of ll'aXes. A!!"''''''_.ta ftTlli-Qther Qll' _...dlt 0Jarg= CBS "'J.ll payor --:..-~ ~ to b.c~ All ~, Qc:.<:r>c:.=cnt;:; ~ goverr!lTlel1t,al c:Q.argl.!S to '~ch_ 0lS or_ _. their property1.!f or !!hall be subject I:.efore sum~ ~,e delinquent, especially .J:iIr/ sudl taxes. ".,.;;:;;:,~ or d1arqes ~ JDaY w.I be ornerea!ter ~"e ~licablc . ~"m1Y of the transactl",o;, \.Ult..:..'t'lated~~s Pl.u.b::a.c!IJo: 1\gl.cemellt, am which my be 1"!" od c;xr ...,.............. :az;nnst equipll!l'lt,- i.nventcry, v.,ull.&,a<..l-'>;: Hale or his assigns. _ Provided, however~m1iuch tax, ~ or charge need_to be paid far so lorq as its validity or mromt shall be Q:llltested in good faith by al-\'L~iate JJL' <:-di~ duly ~ am CBS shall have set up...al their bxlks sud1 r~~rve with respect j;bereto - as shall be dictated by sound_acx:oontirq practices. ._ - - - In the event CBS fails to'pay or cause to be paid all taxes; t\Go:;gGsmen~ and charges as hereinabove provided, Hale is hereby authorized at its election to pay-ell-Ol:' any part thereof and CBS agrees to repay all SlUI\S so paid on deman:i with interest at the rate of t'wcl.e J31!C(38I~--<l~l ~ annum. Until repayment, all wch ~ s;hall be secured by the security interests provided for-nerein. - 11. Maintenance of Assets. CBS will maintain, or cause to be ll'aintained, their lh-~ies and assets in good order am tAiSarve and protQCt Hale's S8CUrity interests-- provided for herein. ,. -- In the event CBS fails to maintain its property and assets in good order, or fails to lA. ~-ve and protect Hale's &ea.lI'ity interest5 _ hereinabove prO\.-ided, F~1" ic:. ____ authorized at his "l~ion to~ the cost of mai.ntai.nirg CBS' ~''l",rtv~ assets or the costs of clisd\atijiiij any lien therecn am ..~ a>,fL to repay -all SUIns so paid en.' --demarx\ with interest at the rate Of twelVe peroant '{12%) pel." ~ _until repa~.- all ~ SlllIIlLshall_be secured by thL~ity ~ provided for herei!!-=-.. -._- 12. '1his Forbearance ~.L cxmtains the entire a':jL~lel1t of the parties with respect to the matters covered ~ this Forbearance Agree:xent. Any prior agreements, 14unj-S , ...."..,tiati...~ U'- ....... oS .lI..atialS -net expI: -11 ~ fortft in this 1h'1Im-.t~- of no force or eftect. AnYoral l'T'L_eI1taUOOS- or'1t03ificati.cDs ~ this -rOrbearance ~Shal1 be or no. force or effeCr" eXcepl:1ng a ~t.-- IOOdification in writirq, signed b'i the party to be charged. - 13. Events of Defalllt. CBS sha1.1 be in default on the ha~ of..arrj"t:r tlle fo11o.rirg events:_ ~ ..._- - .. -~- (a) _ lure ~ ~aIJY_Jl8~ L~,';red un:lei_ - F'cJrl:leaEmOe ~.....uent or arrj other ~ts related to -tlLh. L.........sctiUII, .- - - (b) It t\af'A111t: IlMoor the October 8, 19.93, lL>an AgLeanent between QlS and Hale; ee) the failure to c:c:qlly with elIch aryj every affirlMtive obligatim, or limibtion. CXIltained within this ~.........lt or arrj other rInM"""flts related to this lcDn __ t:rarJsaction ~ dB lllCdified by thi.a loIy-,,,""tt; am ~ 4 .- ---. - -..--- - (~, CBS 12issolvl:!S, tc!rr..Inatcs it.!l cd!.U!lI<A::, or =- oJ _j~"It enteral a.g<1inst. .it, or 1=-A.'1y of....lts~ts - _ _ - _Lb..4-i -:in-.4ny -.ll'llJftl. PI',:"""'" w -fil--..tar- mnmlPtc:i. g:- makes an .assigmlE:llt tar the benefit QL.._._ _ . _ _- c::rt'!a~ umer arrJ awliCdi:l!.e state law. ..- --- . . ~ 1.\. No Redl'rt. ....&alt of Nati~ Or nerilult. CBS shall be ~.to be in default upon the """""rrerJCe of an event of .default. No ootice of default is rEGUiied to.l2e provided !:1i Hale. Notwi~ the a~ or arrJ requirement of notice, Hale may give CBS - n..,t-l_ of a default either ofally or jn 1olritinJ. ArN such notice shall..DCt lle ~ to be in arrJ way a modification of the fa.ct that notice is not a pt""-UJaUtlon to AD.4='Au1t. 15. ~ies in the Event of Default. tp1 the ocx::urrenoe of an"1!Ye:nt -of-~ault- ard any time thereafter, Hale shall have all rights ard remedies provided in this h;J. .-...'It, crry other ~o:o<:udlts bet:weeA-Half: MIl <:as4- the unifOAl-CallRercial Code-or ather llR'licable law, all of which rights and nnedies may be exerciSEd without notice to CBS, all notices; havin:J been w...tva:!. All ri<J.l;Q ....:l........c1ies of.ala am-=1at1v.:r ard not exclusive aryj are enforceable, at Hale's discretion, alternatively, ""': : i vel y , cr CXlflO1I't'8'ltl y-<2'l efII! ale <jFli~l."e oocasiCll'l!r am in mlY"""m-der Ha~ lIBy detennine. Without lilnitin;J tN! fOtll901N;!, Hale may (a) aooelerate the payment gf. all --- obligations am demand iJmII!diate pa)'lllerlt thereof to~le:- -(b) with cr without judicial 1-"~ or the aid or assistance of others, enter upon any premises on or in which any of the collateral might be located and take ~~~"ion of the collateral or catplete the prooessin;J, manufacturirg.and ~ nf' ,,11 ('J]".arrj port..i.a1 of tbe /'VI' "'teral, {(~L==--:-, - -require CBS at CBS' expense "to assemble ard makeavculable"to Hale any part or alr-~ ~---- the collateral at any place and time clesignilt-M !:1i Hale;-(d) collect, foreclose,_ -=_.:......: receive, awropriate, set off am realize upon ~.am all colla~, (e) exteni the ,. time of payment of, .......,t'.....uise or settle for cash, credit, return-ormei:'dlamse., ard --- upon ard any terms or ocn:litions, arrJ ard all aoco.mts (j'r other oollateral which includes tl!!L m:metary obligation ani d.i.sClarge or release of the aCXXAJl'lt deI:r..or cr other obligor, without effecting /l1Tf of -tJie obligations, (f) sell, lease, transfer, - assign, deliver or otherwise dispose of arrJ am all collateral (inclllCii.n;, without limitation, enterizxJ into ~ lo"ith r~~ fiereto, by jiib11c -or -pr'lV3te sale at any exc:harge, broker's board, an:l-effioe of Hale or elSE!Wto=..) at such prices or tern; - -118 Hale may deem reasonable, for cash, upon crediL UL l\.u; !uWI"e delivery, with t1... - Hal~I<l.fl1T,j the right to pIrc:hase the \otlole or anr~ -ef the co"'llateral "t afrt such pullttc-sale, all of the foregoin;J De~ f'ree fran arrJ right or equity of rEldeq)t:j911 of --- CBS, - ~ r-i9ht ex- equity of L~Li.cn is ~ expressly waived am released ~ . l"P..~. J.! any of...th8 collateral I" "",,1~ or- leased !:1i.1IiWl ~ credit _tenus_or. COr il.ltl.!re delivery, the abligaticn shall oot be ~1nI'<'l as a l~glt thereof until pa}'Il'eI1': ~ finally oollecte:l1:lr1fale:-"Ten (lor days prior l..Jt.ice1:lyflale to CBS rlesigna~ the time ard place of arrj p.lb1ic sale or the time after which any private ~~ 0:- other intended ni<:f"OOiti.cn of the oollatera1 is to l:eJ:lade, shall be deemed to bit reasonable notica ther'liIo4 and ~ waives any -....r P"ti09. In the e\'Vl'lt_~_lA!:-__ in;tit:utes aI1.acticn to rea::JYery arrJ oollateral ex- MIlks recclV8r of any collatar.zU. by way of prejl~"It lESllIldy, CBS waives the postirq of arrJ bcni Iotlich might otheniise be -- required. - -". 5 16. Olnf-cdon of JudameI,t ClallSe. CBS herel7i alltharizes ana ~ anY a"tl:orney . . m-thr! I'n:lthu".J'-<1L)' UL ~h:..I.}. <.If -mry ~ n:...u..d-within 'the u.dLd:1 .!It.....t.-.--ar- _ _~, J;,g "R""'r for !!ale ~ conf~!Lj'.~'lt,_ ~it,boot defaultJ9ainst CBS in_ _ _ f.1,'OII;- of Male., their .---v:(a) at' as&i~ -as of ~ t:eI:1Iay fat' ~~. - due under this llgl:eellellt, ..I2JJ.J:l. interest at ~ rate of ?ielve ~Ul2)) ~ ann\JIlI;;_ -fran '1:1ii! date of CBS's "OEIIgations, ~ att0rney5' fees of-twcJtty- percent 120\) ..- t-h<>.......~ .fer CX)llectiCl'l, ....ith CXI&t -01 sw.t arirI-'E'l........cea:n- errors. No single - ~- or the foregoin:J W8rT'llrlt and po.m' to lXI1fess j~'C4jL shall be dee.aed-t,o-. -1IlChaUst.tl>A ~, 10Ibether or R:lt any such exercise shall be held I7j any ccurt. to.J:1e invalid, voidable, or void, J::ut the power shall CCI'ltinue un:liminished and may be exercised fran time to time as often as Hale shall elect, until all sums payable or that may k""O..... payable I7j CBS have been paid in full.~ - -- IN WI'1NESS ioImUX)F, CBS am Hale have duly ~ this Agreemant as of the Jlth- day of October, 1993. _..r.. "" 'lDl:Dt .a.ti.laiJlE} -BysteN, Inc. By: Title: _. -- By:Ri.~M..Jiale Br. Ralald F. Matzner ..,b.-- -- ~ -- - --- -- _. .- -_. -.- -. --- 6 - - -.. .....,.,......""""~.--. --'- _. _ state nf: DonnevrlvaJ"'; =- ~ .-....-.LI>.o__~R ~I""Z~~' 0.__- ..-.;.- -- - -~- - .-...:{7 1-" _. - u'On this.. day of October, 1993, befo~ 1lIe, the U1dt::..:.igned, a notary pnhHc _ !nand for said state.. persa1ally appeare:i.l.aI:ry V. Williams, to me pem;ml),y J<;n:iwn, who, beizxJ by me dilly sworn, did say-thathe is the President of D...''t''-''"".VBIli1.diTg .:....:. .~, Irx:.; ~ Forbearanl:8 ~lc..L 'Vcmlligned CIl ....h.M of EllW1..................tial _ -by authority of its Board of DirectO'rS, and that_as such offi. >(', sJ.. hehas_aamcwlEOJed tne executial of said~ h;jLeE!bent to tie the voluntary act aryj deed of said .........Y.-"-QtJ.on'-J:ly....n~J:ly. him wluntarily executEd. -- {~~ (i d+H/I'h(..~a... -Notary Public -------:- .- _.. - ~.~~~ 11a~ s::~ CardA. b..lIClH.:lI, "~P\ac H.;t.:;.!;Jtg. t:l./itol, c.u::-I ""'C<nnss.""EXl""PS~ :;<',19\>4 }\1"'IO.I"Wf .mG!HI!Nl' - state of New Jersey coonty of on this MY.of oct-J 1993, befnrP ~, the urrl<>rc:i~.Jl rxJtary pllblic.. _in am for said state, perscnU.l~ Ridlanl D. Hale, to 118 p!t'SCnlllly known, who, beinqby.me:au1.y swam, dlQsay tliii'~"fheYhave adalcwledgea &-executiCll of said. Forbearance 1o:;Ireemetlt to bif"the. voluntary act arx! deed of said individual, by him voluntarily-executea. Notary PJblic -- --_. _'IF.. - - - _... 7 1I1ll~_. Ccalponent Bu1ldb~ Syltems, Inc. P.O. Box 109 Newille, PA 17241 hIolIiMIlll1ll "*'"'_. _, .:lllICMt...ucc.1 Y'OlITMf - ...... ~- - ~. --.. ..... "'No.I"'II'ClO<lll!""'ll~ _n..,,..c.. .,"'"' 2 2411138 ~:O:EPT OF STATE:. :' . " TlllI f~ ..........,....,. -'IUUI. tlel*'a eonn.a. CIIII. n.. III " I. ..,.......1"**__...': :..., III SOCI~OI...c...MO I~ Cl ~OI CuIr- ClIlt..EIW.~OI ~ 1I1ll-._: - " _OI_~' Md....tDr "lOU}, ,t See list of collateral attKhed hereto u Exhibit "A~. The list of collateral attKhed hereto and IIlIrUd \j as Ellhibit "A" '11'YU u collateral for the Loan ..s Agreement, Term Note, Jlawlving Loan Note, and . Forbearance Agreenent all dated October 8, 1993, ;! and as therealter lI1*lded frail t1me to t1me by the .~ parties. " . IlD f"** lfty' -.dl PllllUlI.... CIIIIItIII..... __ .. IdtnIIly 1IItItd.... -"1IIlirIIIII: 111I CllllltlllII,. nuItIllI**...........IIlIIIIIII- .. .. Cl CfOlII.-.o.....,...-. . , .. Cl DOOGI- III" III .....__..- e Cl ........" ew ....1..... IIn.._.......- J d. Cl -1ttUIlng"................ tie.. ~ IIn 11III-......... _an- ew IOIlMrIg ruI_: ..... AddrIIt: DItaIlod II: Boca _ "llI**n1 Cl 0tIlII Cl 11I11 . lOt CMlr- lNtIII.......... Cl Ottcrcltcl an _..... ......___I~lfty...O".........---= .........L. A I1.chIrd H. Hale 136 BUlan Streit 8r1d&-ter, NJ 08807 z ~ ...............=.: .~,II)""_"" ~ II1ll " ......-.-.... . , <" t a t. ...............1d*U ....-1: .; c::J 111I.... 1II*"1IlII 'IIaIIll""" __ '-' n"l.luor: .,. - II . ~ 0111I ~ _~...........,. __ 'Cont/gnII' n {., "C:nfpIOt: .11) !If ~ . c::J llIliIDrIllT._ _..,- , --IIIII\'~ 111II It........,............,........ III ,..............CIlIIIIIIllCllllll__...I.II- .. Cl ...,..........-......,.........._ .. .. DIIlIIc .', .. c::J . Ill................. C. ..UjIct..-.-.......CIIUIIlJiI c::J ............-.....llitllDlllr. c::J ..... DIIiWI.................. _......, III Ilit~ 4...".........,....._..-- o _ ........._................... c ...................._...... "._It\.,. .. CJ _.,........CIlIIIIIIl_.._...._. ...., - -,.....,......, f__ """..'" ,,_ ...................- n 1ICIl"""" -...............~. ...... "'" ...anc., 1~-"lloIf.I.__1 r:=:::~JT .PO . A 1dtnIIly........ bl'.... r4'lIr_ 0IIII0t 10 RETUAN RECEIPT TO BERNSTEIN l\ND .......-wtf, llJJ P~ AVE. PITI'S1lUlOl, PA 15222 P.C. . EXHIBIT.9. . 11 FIt 1% omCE ORIGINAl. 'iOH - T~" P'" wlI NI.""","~""D",_"~il""" . LIST OF COIJ....TF.RAL For Fin.nclns St.te..nt by .nd b.tw..n eo.pon.nt Bulldl"S 5y.t.... Inc. .nd Rich.rd N. H.l.. .CoU.eeral. .hall ...n .11 of the followl"S property of~"":1739 930CTJ AU _ _d .nd hen.fur ecqulnd rllht. title .nd inur..t of Debtor in, eo JA DEP in r..pece of all: account.. int.r..t. In lood. r.pr...ne.d by account.. r.turned. r.cl.l8ed or r.po......d lood. with r..p.ct thereto and rishe. a. an unpaid vendor: coneract ri&ht.: chatt.l p.p.r; I.n.r.l int.nlibl.. (includins. but not ll.lt.d to. taa and duty r.fundo. fOlht.r.d .nd unrelht.red p.t.nU. tred...rko, ..rvlc. ..rko. conrl&hta, trade n..... .pplic.tiono for the forelolns, er.de ..cr.es. Soodvlll. proc...... dr.wlnp. blu.prinu. cu.to..r liee., lic.no.., wh.th.r a. lic.lllor or llc.III.., cho... In acelon .nd oth.r cl.i... .nd .xi.tinl and futuro 1....hold lnter..t. in .quipaont. r.al ..t.e. .nd fixtur..); docua.nt.; inotru.ant.: 1.tt.r. of cr.dit, baakor.' .cc.ptanc.. or luor.ntee.; c..h .oni.., d.po.lt.. ..curlela.. bank account.. depolit account., cr.dlt. .nd oth.r property now or h.r..ft.r h.ld in .ny c.pacity b7 S.cur.d Craditor, th.ir affili.t.. or .ny entity which, .t .ny tl... p.rticip.te. in tho fllllllCilll of Debtor or .t .ny d.posltory or oth.r illltltutlon: ..r....nte or property ..curinl or r.l.tlnl to .ny of the it..s r.f.rr.d to .bov.: All _ _d .nd her..fter .cqulnd rlSht. tltl. .nd int.r..t of Debtor in, to and in r..pect of fOodo. ineludinl. but not li.it.d to: All inventory. wh.rever loc.t.d. whether now _d or har..ft.r lequir.d, of wbat...r kind. nature or de.cription, includinl all r.v ..tari.l.. work"ln. proc.... flnloh.d loode. .nd aateriel. to b. ua.d or cone_d in Debtor'. buaina..: and .Unuo. or .erk. .ffixed to or to b. .ffb.d tharato for purpo... of ..llin; .... by the ..ll.r, aanuf.ctur.r. l...or or lic.lllor th.r.of: ALl .qul~nt .nd fbtur... wherever loc.t.d, wh.ther _ ovnad or har..fter .cquir.d. includinl. without li.it.tion. .11 ..chinary. .quipaont. ..tor vahicl... furniture .nd fixtures. .nd .ny .nd .U.dditiolll, .ubscitueiolll. r.p1ac...nt. (includinl .p.r. p.rt.). .nd .cc...iolll th.r.of and th.r.to: All cOllluaer lood.. f.r. product., crop.. tiab.r, .lnar.1. or tho like (lncludina 011 and S..). wh.rever 10c.t.d. wh.thar nov ovnad or her.after acquir.d, of what.v.r kind, n.tur. or d..criptlon: All _ _d and h.r.aft.r .cqulred rilht. tltl. and lnt.r.et. of Debtor In. to .nd In r..pact of any re.l or oth.r person.l property In or upon which S.cur.~ Cr.ditor has or ..y har..ftor h.v. 0 .ecurity lnt.r.st. li.n or rl&ht of ..toff: All pr...nt ond future book. .nd r.cord. r.l.tinS to .ny of the .bov. lncludlna. without l1slitation. .11 co.puter prOlr.... prlnt.d outpue .nd oOllpUt.r r..dabl. dete in tho po.....ion or control of the D.btor. .ny co.put.r ..rvlc. bur..u or oth.r third party: All product. .nd proc..ds of the forelolnl in wh.t.ver fora .nd wh.r.ver loc.t.d. includlnl, without lioitation, .U insur.nce proc..d. .nd .11 clalaa .s.lnat third p.rti.. for 10.. or d..tructio" of or d...le to .ny of tho for.IDlna. EXIII81T "A" . . NOTE: Send ONLY ',rs; page 10 Ihe Depanmenl o(Slale. You will ""'elv~ a campu'le< ....Ipl Page.' & 2 ar. 'o'r Counly IIl1ng only. ' . Pages 3 and 4 are 'or your records. Check wllh the PrOthonotary ot lhe County 'or proper ule ot Ihlt form In Ihll County PARnES DobIOl name (lasl name IIISI ~ ,ndMdual) and I1\8lhng address: Canponent Building Systems, Inc. P.O. Box 109 Newville, PA' 17241 Doblor name (last name llIS1 " ineliv1duaI) and II18lllng address: Doblor name (last name first " individual) and mailing address: lb Secured P.rty(Ies) name(s) (last name firsl " indovidual) and address lor securily inlerest inlormallOO: Richard M. Hale. 136 Billian Street Bridgewater, W 03801 2 Asslgnee(s) of Secured P.rty namels) (last name firsl "indMcluall and address lor securily interes1 inlormabOn: Special Types oll'artlta (c:hedI" appIlcable): o The lerms "Debtor" and "Secured Party' mean "Lessee' .nd 'lessor,' respectively. . o The lerms "Deblor" and 'Sealred Party' mean 'Col1llgnee" .nd 'Cons9no~"respedhv~. 1 o Debtor is a Transmitting Utillly. SECURED PARTY S1GNATURE(S) Thlsslll_n' Is flied wfth only lilt Sacurtd Party'a algnalult 10 pertect a secunly inleresl in collaleral (c:hedI apphcabIe bo'IIS))- a. 0 acqulled after. change 01 nan, 1dIn.1ty or eotpOItIa ..RlCtUlt of the Deblor. b. 0 as 10 whICh the filing hat lapsed. c. already sulljec1 to a secunly mlerl51m IIIOlhIr county ,n Pannsytv. o when lhe colla..... was moved 10 !Ills county o when !he Doblor'a mIdancI or pIICI 01 bualMIIwas movacIlo \his COUnty. d already subteC1lo . secunly mlerlSl 01 ._ IUnsdoc\Jon - o when the collallral ..a moved 10 Pannsylv..... o when the DoblOl'. Iocallon ... movacIlo P"""ytv.... e 0 whICh IS procaeds 01 the collaler.' dISCnbed In llIocIo 9. In whcf\. secunty Interesl w.s pltV1OU$ly pel1tC1ed \aIso descnbe proceedS In bioclI 9 It purchased _ ClSh proceedS .nd not adeQualely descnbed on the anginal hn.nong Sllllment) SecUrtd Party $ignatult(a) ,requlled only II bo'lesllS chec>ed above' ~ . ~.... - :.4'''''ItJ.,..,.,~ --". ....-;:-_ FINANCING STATEMENT CHANGE Unllorm Commerelll Code Fonn UCC.I IMPORTANT ..:: PI..M raad ilIawe Ion rtv.,'UIdt 01 4l1t1ort lDm Filing No. (stamped by Ilhng Oloctr) Dell, Tlmt, Filing Olflct (stamped by Idlng 011C8~: ",. ,/ r ;r,r 7l.. /0(,. .}.J\ i dr .....!, ~ ~qltfl.} 5 T111a Financing SIIIIIIIIlllIS prnantld lor Nmg pulll/lnt 10 lht Urvlorm CommeroaJ Code, and is 10 be 1. I1Iad wIIIllht (ChIdI apjlIocabII 110.): . . o Sacrlllry ollht Commonwtallh. eEl Prolhclnolary 01 ('ulll......1 AntI o Rail EIlII. Racords 01 County. County. 6 7 1dtn1lty collalllll by 10m andIor lypt See list of collateral. attached hereto as Exhibit "A". The list of collateral attached hereto and marked as Exhibit "A" serves as collateral for the Loan Agreement, Tem Note, Revolving Loan Note, and Forbearance Agresnent all dated Cktober 8, 1993, and sa thereafter anonded fran time to time by the parties. 2b 3 qa (ChIdI only . _ed) ProcluClI ollht COIIIteraJ IrtIiSO covered. g 1dtn1lty rtIa1ad 11II11II11, IIIlPilCIbII Tilt COIIIt.1Ii IS. or Ifldudes (checI< appropriate bo1(es))- . 0 crOJll g<DWIng or 10 be gr_ on - b. 0 goods _." or ." 10 _ flllurtl on- c 0 mlllnll or Iht IUIIIlCludong 001 and gas} IS a",lIClld on- d 0 accountlltlUlllng "om IIIe .... 01 mlnarala or Iht like (II1Cludlng 001 and gas) at lht wellhead or monthtad on - lht loIIowlng "lIutalt S..... AddrtIa: DatcrfMd 11: Book _ oIlchec1< one) 0 Deeds 0 Mortgages. Ii Page(sl- , lor County UnoIorm PtrteI identJflel o 0escrClId on Adcllloonal ShttI Nama 01 recn _ (rllQUlled only ~ no Debtor IllS an Intelest 01 record): 10 , I. lb RETURN RECEIPT TO 11 ~ AND 8ER'lS'lEIN, P.c. 1133 ~ AVE. PlT1'SBtDGl, PA 15222 . . 12 J.. 1J PARnES Debtor name (last name lust ~ IndIVIdual) and ITl8lhng address: .' . r."' . . . . ~t BuilJji~tBilS, Inc. P.~...,109", . ...~PA 17241, ;;'llIlIl!M' name (last name hrst ~ individual) and mailing address: . A'':. . , . , Dt!Ilor name (last name first ~ indMdualI and mailing address: lb Slcum PII1y(IeI) namels) (last name first ~ individual) and address lor security interest inlormation: . Richard M. Hale 136 Billian Street Bridgewater, NJ 08807 2 Aulgnee(I) of Slcum PIr1y name(l) (last name first ~ individual) and eddress for security inter8S1 inlonnalion: I ': SpecIII '!ypeI of Plr11e1 (check K appliCable): D The terms .Debtor" and "SeaIr8d Party' mean "lessee' and "lessor: respectively. D The terms 'Deb!or" and "Secured Party' mean "Consignee' and 'ConSIgnor: respectively. D Debtor is a Transmitting Utility. SECURED PARTY SlGNATURE(S) TIIII 11I1.menl '11I1ed with only the Secum Per1y'1 lignature to perlect a security 'nlerest in coI1ateral (check applicable bo'les))- a. D acquired alier . chlnge 01 name, identity or corpcnt. Itructure otthe Debtor. b. D as to which the filing hlllIpaed. c. alieady sullject to a security mterest in II10fher coun1y In Pennsylva . D when the colllt...1 WlI moved to tl1is county. D When the Dt!IlOl'I rtIidence or pIIct of buIinnI_ moved to tl1iscourity. d. already subtect to a security mter8S11/l another jurrsdoction- D when the coIlal...1 WIt moved to Pennsylvania. D when the Debtor'l katlon WlI moved to Pennsytvarna. e. D whICh IS proceedt 01 the coI1ateral descnbed on bIocIl9, .n whtch a secull1y I018I85t was preVIOUSly perfected (also desCribe proceedS ,n bIod< 9. ~ purchased W11tl cash proceedS and not adequately deSCIlbed on the onglnal f.nanong sllternen1l. Secured Per1y S1g1lllure(1) trequlled only .1 bo'\05115 checked above! . ITAHDAlItD ,Qft.. ucc.' 'aproved Dr -.creta,., of t-..illIIllA.....1ttl of .......ytvlNli ~ ..... JutM ltumbet9, 1M., HYC '00" * L.\7YS 5 ThlI RlIInclng Slatemenl is presented for [jing pursuant to the Urvlorm ComrnercraI Code. and 1$ to be II liIed with !he (CheCk applicable bo.): D Secretary of the Commonwealth. D ProIhonotary of iX:J Real Estafe Records 01 Cunber land Counly. Courity. Number 01 Adcfr1ional Sl1ee1S (K a ): ional . I Identification Max. 10 eharattB/S COLLATERAl 6 7 ldenllty coIl11er11 by Kem and/or type: See list of collateral attached hereto as Exhi.bit "A". TIle list of collateral attached hereto as Exhibit "A" ser-..es as collateral for the Loan Agreenellt, Term Note, Hevolving Loan Note, and Forbearance Agreement all dated October 8, 1993, and as thereafter amended fran time to time by the parties. 2b 3 DO ICheCk only K deSired) Products 01 !he coIIa1eraI are also covered. 9 identify related real estill, ~ applICable: The coIta1llla1 is, or mcIudes (CheCk appropriate bo.tes))- a. DO ClOpI growing or to be grown on - b. \Xl goods which are or are \0 become tiltultI on- c. DO mlnerell or the lil<e (including oil and gas) as extracted on - . d. IlO ICCOUIl1IlIIUl1Ing lTom the all of mlnerell or the bllelincluding oil and gas) a1the wellhead or l11lIl8head on - the loIlow1Ilg real estate: 355 Greenspring Road S1ret1 Address: DeICIIbId II: IlooI< _ 01 (CheCk one) 0 Deeds 0 Mongages, at Pagels) - . lor County. Urvlorm Partellden1ifier !Xl OeSClibed on Additoonal Sheet. Exhibi. t "n" Name of lIConIowner (required only K no Debtor has an interest of record): nent Buildi 8 stems Real Estate 10 DEBTOR SlGNATURE(S) Oelltor ta lb RETURN RECEIPT TO 11 ~ AND BERNS'l'EIN, P .c. 1133 mti AVE. PITl'SBUIG1, PA 15222 4 12 FILING OFFICE ACKNOWlEDGEMENT - County only NOTE - Do not send this page 10 the Department 01 State. LIST OF' COllATERAL For Financing Statemenc by and between Component Building Systems, Inc. and Richard H. Hale. .Co1lateral. shall mean all of the following property of Debtor: All now owned and hereafter acquired right, title and interest of Debtor in, to and in respect of all: accounts, interests in goods represented by accounts, returned, reclaimed or repossessed goods with respect thereto and rights aa an unpaid vendor; contract rights; chattel paper; general intangib1ea (including, but not limited to, tax and duty refunds, registered and unregistered patents, trademarks, service marks, copyrights, trade names, applications for the foregoing, trade aecreta, goodwill, proceases, drawings, blueprints, customer lists, licenses, whether as licensor or licensee, choses in action and other claims, and existing and future leasehold interests in equipment, real estate and fixtures); documents; instruments; letters of credit, bankers' acceptances or guarantees; cash monies, deposits, securities, bank accounts, deposit accounts, credits and other property now or hereafter held in any capacity by Secured Creditor, their affiliates or any entity which, at any time, participates in the financing of Debtor or at any depository or other institution; agreements or property securing or relating to any of the items referred to above; All now owned and hereafter acquired right, title and interest of Debtor in, to and in respect of goods, including, but not limited to: All inventory, wherever located, whether now owned or hereafter acquired, of whatever kind. nature or description, including all raw materials, work-in- process, finished goode, and materials to be used or consumed in Debtor's business; and all names or marks affixed to or to be affixed thereto for purposes of selling same by the seller, manufacturer, lessor or licensor thereof; All equipment and fixtures, wherever located, whether now owned or hereafter acquired, including, without limitation, all machinery, equipment, motor vehicles, furniture and fixtures, and any and all additions, substitutions, replacements (including spare parts), and accessions thereof and thereto; All consumer goods, farm products, crops, timber, minerals or the like (including oil and gas), wherever located, whether now owned or hereafter acquired, of whatever kind, nature or description; All now owned and hereafter acquired right, title and interests of Debtor in, to and in respect of any real or other personal property in or upon which Secured Creditor hss or may hereafter have a security interest, lien or right of setoff; All present and future books and records relating to any of the above including, without limitation, all computer programs, printed output and computer readable deta in the possession or control of the Debtor, any computer service bureau or other third party; All products and proceeds of the foregoing in whatever form and wherever located, including, without limitation, all insurance proceeds and all c1a11U asa1nst third parties for loss or destruction of or damage to any of the foreSoing. EXHIBIT .A. DESCRIPTION OF PROPERTY For Financing Statement by and between Component Building Systems, Inc. and Richard H. Hale. ALL that certain lot, including the lot addition separately described below, of land situate in North Newton Township, Cumberland County, Pennsylvania, together with the illprovellents erected and constructed thereon, which lot and lot addition are 1I0re particularly bounded and described as follows: PARCEL l: ALL that certain lot of land designated as Lot No.1 on a certain subdivision plan entitled "Land Subdivision for Zane Highlands", which said subdivision plan is recorded in the office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Plan Book 49, Page 29, and is described therein as Lot No. l, which lot addition is more particularly bounded and described as follows: IlEGINNING at a railroad spike set in the centerline of public road known and designated as PA Traffic Route 64l (L. R. A5750), said railroad spike being set in line of lands now or formerly of Clarence R. Shaffer and said point being the southwesterly 1I0St corner of the within described lot: thence through lands of the grantors, North twenty-two (22) degrees three (03) minutes (00) seconds West, six hundred seventy-two and zero hundredths (672.00) feet passing through an iron pin set on line at edge of dedicated right-of-way line to an iron pin for a corner; thence continuing by same, North seventy-two (72) degrees zero (00) minutes zero (00) seconds East, three hundred eighty-eight and twenty-seven hundredths (3B8.27) feet to an iron pin for a corner: thence continuing through same, South fifteen (l5) degrees forty-six (46) minutes twenty (20) seconds East, six hundred eight-two and thirty-three hundredths (682.33) feet passing through an iron pin set in line at dedicated right-of.way line to a railroad spike set in the centerline of public road known and designated as PA Traffic Route 64l (L. R. A5750) at common corner of Lot Nos. land 2 shown on the aforesaid plan: thence along the centerline of public road, PA Traffic Route 641, South seventy-four (74) degrees thirteen (13) minutes forty (40) seconds West, two hundred thirty-three and fifty hundredths (233.50) feet to an existing railroad spike; thence continuing by same, South seventh-three (73) degrees forty-two (42) lIinutes forty (40) seconds West, eighty- one and zero hundredths (8l.00) feet to the railroad spike, the point and place of IlEGINNING CONTAINING 5.4487 acres, 1I0re or less. UNDER AND SUJUECT to rights of the public in and to the right-of-way of PA Traffic Route 641. ALSO, UNDER AND SUJUECT to dedicated right-of-way line and other notations as shown on the aforesaid plan. PARCEL 2: ALL that certain lot addition to Lot No. 1 as referred to above referred to as Lot No. 4A on a certain subdivision plan entitled "Land Subdivision for L. Scott Williams" drawn by Carl C. Bert, Registered Surveyor, which said plan has been approved by the eppropriate lIunicipal authorities as and for a subdivision plan and which plan is recorded in the office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Plan Ilook 56, Page 131, which lot addition is 1I0re particularly bounded and described as follows: IlEGINNING at an existing iron pin at cOlIIDon corner of the within described lot addition and land now or formerly of Larry V. Williams and Carol D. Williams referred to as Lot No. 1 on plan recorded in Plan 800k 49, Page 29, to which lot the within described parcel is a lot addition as 1I0re particularly specified in the above referred to subdivision plan: thence through lands of the Grantor, North seventy. two (72) degrees zero (00) lIinutes zero (00) seconds East, six hundred thirteen and sixty-eight hundredths (6l3.68) feet to an iron pin in line of lands now or formerly of William W. Kough, Kenneth E. Kough and J. Earl Kough; thence along line of land now or formerly of Willi.. v. Kough, Kenneth E. Kough and J. Eerl Kough, South nineteen (19) degrees Exhibit .". Page 1 of 2 twenty-three (23) minutes zero (00) seconds East, four hundred five and ninety-seven hundredths (405.97) feet to an existing iron pin at corner of lands now or formerly of Eugene W. Deihl; thence along line of lands ncr or formerly of Eugene W. Deihl and line of lands now or formerly of Harlin E. Ebersole, South seventh-three (73) degrees fifty- seven (57) minutes zero (00) seconds West, two hundred twelve and forty-five hundredths (212.45) feet to an existing iron pin at line of lands now of formerly of Zane R. Highlands, also referred to as Lot No.3; thence along line of Lot No.3, North sixteen (16) degrees three (03) minutes zero (00) seconds West, sixty and zero hundredths (60.00) feet to an existing iron pin; thence continuing along same, South seventy- three (73) degrees fifty-seven (57) minutes zero (00) seconds West, four hundred twenty- six and six hundredths (426.06) feet to an existing iron pin in line of Lot No. l; thence along line of Lot No.1, North fifteen (15) degrees forty-six (46) minutes twenty (20) seconds West, three hundred twenty-four and forty hundredth (324.40) feet to the existing iron pin, the point and place of aEGINNING. CONTAINING a total area of 5.090 acres, more or less, in accordance with the above referred to subdivision plan. " Exhibit "a" Psge 2 of 2 . - - ~--- -_. -.- ,- - - - - F'OAAFJJ(l')M; ~'_~ - -'- - .. .. -. -- -- 1hi..~~r ~~ter-referred te- i\~A.),. _.,oC.,t") L ,...<11> H' this. 6 t!1 da~ -01' ~L<A:.ot.-.I. 1993, ~ an:! bet:wccn :. _ --- - . . --mUIID F. ~ Am XlU1l>KU1lJ. "HALE. (hereThafl:cr rcfc.n-cd to collectlVely as __ :'=-~ "Hale"),......- - - - - AND ~ I.1IRRll V. WIILI1IHS am CAt;OL D.'lm1..I1IMS (hereinafter ~ to as the __ = ~llliams").~ _. . wrnm5SEIH 'Ilvu --. ~, the parties-entered inttl Aqi.eenenl:s dated 1Ipril 27th and April 30th, 1990, ,"",,,rp Hale 1\;0'; c:nlrl. 4I'Xi COlponent Building.sys:t-Qm~. It)C.--{!!CBS"), had p.ll'OOaeed, Hale's..... shares of stock in ellS; __. .. _ WHmFAS, in aooordance with the tenns in the Agreement, Hale was to receive a '-= I "'; n rrmmi"""icn unti1- Cl total sam of 'lhree "'Hi.u.d1...d Fifty 'Ihousand D:lllars ($350;000.00) ~-been NGebu;l; . WHrm'AS, CBS was o.n:rent on its obligatitlnS urxier the Agreement until September "1991, at wen tillle it went into default", wtUen default has continued until today, . WI1t.&AS, the parties at-t-""IF~to ~'''te a iocxtifJn~H"'1 t-Q'iil~ Agreement in or- .ab:Jut October 1992, 1o/t1ic:n 1Iy'''''''''"",IL .."'as ~ver finaJizt!di ~, as a result or~ls continuing aeYault, Hale has certain legal rights am rE'.ll'Bti.es l/hic:n he can-J1mD<rliately pm;ue including the ri~-to seek imrediate juJg\'"",ll ---rox::.t1la. t.ot..d1 h:o~u;;~F- . ~ ~'bas r~~lIale to forhii:u- f.~~-p.11"BUit of his legal remedies; - WHERFIIS, the -wiHi_, adult i.n::H:vidmlis, having an ~'E.n:dp lnL=="t in CBS, an::! .la-......dl... to ;in.juce ~ enter-.moo a Forbear~ llgreelllcnt-;nave liCJ.......:l to 1...:........"" ~i_-tCX' the ob~tions' of CBS in any Forbearance Agreement; and -A ~, ~~to k; legilll~ ~, ~-parti_ agree as follow&' 1. h Fartlearanoe Agl......,e.tlt executed ~ datrhel1!with __.~ Hale ~;--:"- alon;J with the foregoing recitals, are all incorporatEd nerein by al.ference as thalgh fully sel;. forth herein. .__ __ ___ 2. In oon&ideration of Hale's agreein) to the Forbearance h)......,leIlt, the Williams irrevocably and uooorrlitiooally lllIiertake to be sureties to Hale for full and CXIlplete <XIlplianoe with all terms ani con:litions of the forl:learance Ag.ec:':Itmt. by alS, ..nc+...l'ler .sa.id-lDIpllance is within the control of the Williams or not. '!his is a direct .-- ~ "the Will[im6, ani in the 1!I.'t!nt of a v!01ation of 3!'fI/ t.erm or cxnlltim of the Forbearance AgIement, all obligations of CBS stlall in1nediately };>e.. .._ due an:! - -- EXtUBIL ~-; - payable, am the Williams' obli<Jdtion to pay the d~ o! ~ 1\~ rl"'pret'-'?ntt'd bJ' t.."lc . Forbem:D-"~ l\l;!f,-",-".al1t shall also h(''Cm:i:~..<!i<:lUll"l c~ivc.~.. . _-.. - -. 3... -n....Uability-of the Will i~ I'Ll .lInCkI j!l direct", ~lute am unc:orrliti~l _~ shaH.not be aficcted in a"lY wa~ .rca:;:::m "f. """"lg othcn;: _ _ _ - -- -- (a) anyl"""..... ~ retiiln ox: p~e. or lack ot..pr.ior8nforoeme.'lC.oe, ~ -. arrj T1'lJ'1tS aga1ns"t any pQtWn or persons or in any property; - - - - ~- (b) the inValidity of -any .such rights W'hich may. be atteJ!llted to be nht-..a''''''' ~.uJt:Ur- . . ... -- - -... -- (e) any delay in enforcin:J-iX" failure to enforoe any SJCh righ..r "'<"lI! if such rights are thereby l06t; or (d) any delay in mkin; demand on the Williams for ~fvLl"""u, or pa~IL of the Williams' obligations hereun:ier. . - _. - 4. ThiiWilliaJrS hereby waive aTI notice of any-ehanscter W'ha~\dtit tespect to tiiliJ ~=-wcott am C3S's liabilities to Hale, includin:J, b.It not -limited to, notiCe: -- of the acx:eptanoe hereof am reliance hereon; or of the PUS~lt ~stenoe .OJ: future - . ~ .of..any CBS's liabilities to Hale aia;or the. amoont, terms am oonditions .. thereof. am of any defaults thereon. '!he Williams 1mr'eIJy consent to the taY.irg of, or ;:.... failure -1:o-aute,.. .f_rgn ~ to time -without.natice to t:tP.!:n; any--aC"'-ian of ~tI1re whatsoever by1fd.1.. with respect to -alS's liabilities to Hale a"Xl with- respect to any rights against any other person or persons (includi.rq CBS am the williams) or in any property, incl~,--~_ not.-.Ulnited---..~, any l'uither renewals,_~ions, -1ICdi!ications, .JlC;lIS~lellleI1ts, ......!i-"'-. ,,, i -esJ. inau1.'JP""""", wai veno. -~~''il'Xian;, ,,"vrha'l:18& ._ iindre1- es, ana the Williams wi'll remain fully .ddbl..hereon not"wit.~"8l'1Y v! the foregoing. '!he death or incapacity of the Williams shall iI!. no ~.Y affect the liability hereunl;Jer<< them. ~~iUians ~.-.&iVQ thQ benefJ.ts..2L.aH: (a) defenses ~uoever to their liability hereunder E!X::ept the defense_ of -pa~ -i18de 00 a~Cl3.l)ls an.! tiielr liabili,;les "1:o-1t!lle~ am - .. .---. -- - (b) all rights to stay of execution ani exenption of property-m any m..Lion to entora!'" the 'liabil'tty l:)r 'them ~. - -- 5,~~idi~ iI~...jtl1a,d...~.YlleI'lforoea!:lil1ty of all <%- any~ -oy the _ .liahl1ities ~"'JUill'antesd. or of a1f1-=uri~ therefor, shall.Affect;.,: ~-m' l:le _-.def_ t:o this ~~ .t.. 'lhiD ~""""loCI'It: i_.rdJMry ob!1gatil:!1~~illtlo~ -=- - - 6; It is urderstood that the W1tlilllllS guarantee pa)'Ilent"by ~ due, \Ihetht!r by acoeleratioo or othelwi.se, ani Hale is not re::JUiud to r.ake any effot"t to collect fran CBS as a ccnditial to their obligat.iQr, urrt"',.. thi5 J\o1~OlElInBflt. - - 7. To secure their obligations hereun:iP.r,- the WIlliams ag!'ee tnat. Hale ~ll be grantecJ a Mortgage in certain real estate (together with any iIIprovenents erected thereon) situate in the'l'c:lwmt"J.p of Nor-...h Ne.Iton, COOntj' of <lJmberlam, Camr:lnwealth cf Pennsylvania (hereinafter callQ."l~ "Prqlerty"), bnnl an::! desi:Jl'l3tEd as 1083 oakvillc Ro.1d, NeWville, i'J\' "1~~1, title to-\oo'hid'l WIIS aaJUirM by Job~Ol"5 bf-a:iied datecJ .. ~ -- _-8. '~i," ~ is 1Mde in, shaH: -be g-.rel."AfiICi.I:1f. --wd Ilhal} be .,.,..~L"l8!l ~. ___'-- ao.PO~jth, theJirtlS of. t.QQ.~lth of ~.S:r'I.Ytll''''1:\: ::.:.=.:--- - - ~ ---... - -- - -.---- January 26, 1989, am recordEd in tllE! Office of the Recorder of l)eErls in an:! tor said CCUI'1ty1n oco:lJlOOK "U", vol":" 33~9C vo. --.--. -...---- -9.. 'J'll! Vl111Ulins ~lve arl'/ claim, right or ~"llhiCh either llJij,y row have Ii! ~ft:er"'"'a~ 8<:i<'h",L 035 V~ ~IJ ua=.~ ~ ard/or !!Uli"l:he--: performance I:1f them urdel:.th1s AI;II~tt, said wai/.I&r to .iIr"~, bJt not be lilnited to, arrj claim, L...'.edy' or right of su}:Jrogation, re~' exoneration, coiitribJtion, i.rdennification, or participation in arrj claim, right or L""e:ly of Hale against 035, or in ~ity.;m.dl "Hale rowOas or hereafter acquires, ...nether or not sum claim, -r.lqlt or rere;J:j ~ eqUn:.y._ un:3er ~, ~ &tilt->re:e; urder \A.OIua. laW, or ot;herWLc<> "r"l"im," for p.u:p:;-~ of the ~e. ,.,nirg sentence, shall include, bJt not be lilnited to, any ri9ht to payment 'uj either 035 or the williallS fran the other, whether or not. &OUCh right i& reduced to judgmEll'lt, liquidated, unliquidated, fixed, oontirgent, matured, unmatured, disp.1ted, urdisp..rt:.ed, legal, equitable, secured or unsecured, the ricj">t to _iY.!Y.....equitable rpmMy for br:each of such performance 'tihether such ri~. equitable rmedi is. T~'1"'<'d to. j~, fiXEa, cx:nt~, matured, umatured, disp.tted,-urdisp.1ted, secured or \ll~!:"xred. - - 10. 'lbe ~......,...~11 be"l51nlln; upon, ~ to the \:JeI'lertt of, the parties hereto, their l~"'ti~ heirs, personal r~ es-mtatives, SUo O-Sf'T'S ard assigns. 11. '!be l:xlokS am records of Hale with regard to his dealirgs with 035 shall be cleemI2d c:onclllSi ve proof of the matterS asserted thereOI'l in all pL cc~H n;JS against the wili"itllllS \1I'Derthis l\r,u.~IL. --J.2.. '!his """'.....,_it (Xll'ltains {;he entire ayt_1l or5 partlii5with r..spect to the llIdLl.=:I. ......v=ed 'uj thi.s_~' l>Jrj prior ay~..e.l""tts, pranises, negotiations or _ n'..... -~...."+-ialS11Ot expre:"ly~t forth in this doCIlIMIlt are orw"force or effect.. l>Jrj oral L<:j:'L2Sentations or nodifications oonoernin; this J\gl:'eE!IllE!I shall be of no force or effect exoeptirq a sub!;eq\leI1t nodification in writirq, signed 1:7j the party to be .~. - -' - -.. -- - - - - - - - -. - - -==-~- - ... - . - - -.- -- - - ... .- -.- - - 3 - -.. 13, Conf-.c;;ion (If .J,IIir-anAnt- C~~..,... Willimrs he..'"Cby authorizes and ~s any a~"t:lr tlx! Prothonotary or ClarY. of .'1IJJ' Clm"t-of T'eCOrd-wit:hin tlle uruUlC! States: or elsewlwre,...to "W''',.. for lIale and confess j'ld-,nent, wit.hcut default, against Williams - in favor of Maw , his sv~(6T or.lISSi~.. _ of ~~tecr&,... for any aIIO.II1t then - <roe 1.IIl.'1er...tb.U> .1lIJrcemcnt,. ~ .interest at ~~ rate..,m ~~ JleI'CE!l1t !12~) pet. ~ frall.the date of Williams' obligati=, Rl\,!2 attorneys' f_ of twenty percent (20~) thereof for collectlcn;-wU1icalt. oI suit am release or all errors, No 6W1~ exerciSe _ -of the fVL<":luizxJ varrant and jXlWeI'~ confS!lS" ~llcllL shat11:e dee!ll\ed-m exhaust the - pcMU', whether or_.net any such exercise ~lr tle held by arry twrt to be invalid, . voidable, or void, bJt the pa.'eI' shall cxmtinue urr:i.imini5hea and may be exercised fran tiJne to ti,me, as often as Hale Ilh;a~l..!lect, until all 6IlIlIS payable or that J1!i!..Y ~I",,':;;" ~ by ~ve ~-pald .\A Yu1l~ - - __ ~~~/<"/!/kj{~C~{:~d~ ~ v.::ifrfl1ams _... . /' , f: ! ,", ,-.. , I " I _ //.'/ .'.. _ J./ .. ' .' I~" . A J i/ ...., . ~i-~:";iili~' ,::.' I ,,'.;I~~_~ - _. Ric.biln1.Jt;:'1!a1e. . - - - _... - -,-- -- Ralald F, .Matzner - - - -- - - - - - - _. - -- - 4 - -.- - --.- ~UD;;OO].IT - - --::=.::;.;.;.. _ _ stata.QCPWuwylwnia - Co.lnty oCQtlumiD. _ On thi.!; ;:....: I day of O::tober, 1993, refore IIXl. the undcrElgned, a nctary p.lblic -- in-am far sar~ sta1:DT~l1y"'llppeared Iatry \':" W1111ans ~ carol D. WilliallS to . . me persallllly JaloWn. who, beJn:J by me duly sworn, J1id &lJ.y that they have ac:kncwledged . the exec:utioo of said Forbearance surety Agreement to be the voluntary act ani deed of said in:tividuals, by them voluntarily executed. -- - - - -. -. -. - ) ../? C:, <.. t::(' (.( . Notary .., . C{)"t..,..,~';"'la#1- ~~s.."l:I en::' A. z,r.r;"~:!na'1. N:t.....)' p~tec Ha~~..,O c-ut.,CQl...,tf lAy eo.nrr~" Upr~!" ~~: ~.:.!!1J4 -' .-- ~. state of New Jersey """''''lty of .. On this day of 0ct:cI:ler, 1993, before me, the ur.Jt:....igned, a notary public in am for said state, persalally tlW"""recl Richard D. Hale, to me personally Jcoown, We, bein;J by me duly sworn, did say that they have acknowledged the execution of said """",,,1"lUlCe"9.Jrety Agreement to be the voluntary act and deed of said :1nU.vi.c2ual, by tWn ..voIarltarily~. --- . .. . _.~_. _- _____.~. - _.~ 6.- - Notary Public - ---. - - --------------.. -- - - -..-. . - -- - 5 KRIGl\GE ..Jh '!HIS M:RrGl\GE is made am entered into 00 this ~ day of october, 1993, by ani beb1een IARRY V. WIILIAHS AND C1IR)L D. WIILIAHS, Pennsylvania residents, of 1083 oaJcville Road, Newville, PA 17241, (hereinafter Ioilether sizxJular or plural called the ,'M:Irtgagor") ; AND IUWD F. Ml\T'lNm, a New Jersey resident, havinJ his principal place of b.lsiness at P.O. Box 238, Delwood Read, Olester, New Jersey, am RIOWlD H. HAlE, a New Jersey resident, having his principal place of bJsiness at 136 Billian SL..~, Brid;Jewater, New Jersey, (hereinafter called the ''Mortgagee''). Wl'INESSE1lf: WHEm:AS' K%tgagor has executed ard delivered to !tJrtgagee a F'ort:learan::1 9.Irety Agl.eeIlJeItt (hereinafter called the "9.Irety J\greement") of even date herf:!I.Iith, un:ier which the K%tgagor agt : to act as SIlI'ety for obligatia1S payable to the order of!tJrtgagee, in the ~"'Pte principal SIlID of 'I\io HurrJted Forty Eight 'lhcusand ard No/l00ths ($248,000.00) Dollars, lawful Da'IeY of the united states of America, together with interest thereof as set forth therein, payable in the manner am at the times therein set forth, ard lX2'ltaini.rg certain other terms ard con:litia1S, all of which are specifically ir...............ated herein by refelelloe; rm, 'D!Em:fufcE, K%tgagor, in exnsideration of said forbearance urDer the 9.Irety Agl.eellE!llt ani as security for the payment of same am interest as at...... ~id, together with all other SUDS payable here.IrDer or under the terms of the &Jrety ~.......e.tt, a:rrj note or notes, writin:J or wri~, c...lL..act or ocntracts, new or hereafter made, endorsed, assigned, delivered or guaranteed by the Mortgagor herein, am new due am to p.,.. .,.. due, or for a:rrj note or notes, writirg or wri~, ...~.l"L..act or u..olL..acts given in exc:han;Je, sul:;stitutioo, extension or renewal thereof, am new or hereafter discnmted, p.zrdlased, accepted, taken or IlSed by the Mortgagee for the HortgaoJ-.A herein, does grant ard r::aM!'j unto the Hartgagee, their heirs, administrators, executors, s..~ears ard assigns; AlL 'lHAT CfRr1IIN pieces or parcels of lard situate in the Township of North Newtal, County of Onnh>rland ani a...........wealth of Pennsylvania, (hereinafter called the "P~VJ.I= t}''') knol.'Il ard designate1 as lOB:! OaJ.:ville Road, Newvi He, PA 17241, title to which was acquired ~ K%tgagor by Deed dated JarJJaIY 26, 1989, am l...........dtd in the Office of the Recorder of Deeds in ard for the Ocunty of OJmberland in Deed Book 'OU", Volume 33, Page 120, as the Property is therein described, which said descriptioo is hereby lllOOl........csted herein by reference hereto ani made a part hereof; 'lUO~lriER with the b.1ilc:U.n:r-; ard inprovements erected or hereafter erected thereal, the ~ thereunto belcn;J~ ard the reversia1S, renain:iers, rents, iS$'..... am profits, thereof, all of the forego~ be~ hereinafter called ''H.xtgaged Premises" ; TO HAVE AND 'ro OO!D the same unto Mortgagee, his heirs, administrators, executors, S'~""'l'S an:l assigns, forever, in the outstandirg debts to the tb. t gagee fran time to time plI"SlW1t to the 9.Irety ~......ent; tJU' 11fi~) i~~! ')b t PIlOVIDID, 1D/E.Vm, that if Hortgagor shall pay to Mortgagee the aforesaid debt am prm::ipal sum, m::l~ all other SIlIIIS payable by Mortgagor to Mortgagee hereuJ'xjer and under the ter1rs of the surety J\gl:'eement, together with interest thereon, am shall keep am perform each of the oovenant:s, ccn:litioos and a':jL...e.,ents hereinafter set forth, then this Mortgage and the estate hereby granted and oonveyed shall beoane void, in which case Mortgagee shall execute, upon request by Mortgagor, such releases or other doo'"""'1ts as may be neoe"~"ry to evidence that this Mortgage and estate has I..."cane void; 'lHIS KRlt01lGE is executed and delivered subject to the follClW~ covenants, ccn:litiCl'lS and agreements: (1) Fran time to time until said debt ard interest are fully paid, Mortgagor shall: (a) pay and discharge, when aryj as the same shall becal~ due and payable, all taxes, ..~--""""'''lts, sewer and water rents, and all other charges and claims aSI1-......l or levied fran time to time by any lawful authority upon any part of the Mortgaged pPoni-~ and Mlich shall or might have priority in lien or payment to the debts secured hereby; (b) pay all grcurd rents reserv.;d fran the Jobrtgaged PJ:pmi-es ard pay and discharge all med1anics' liens Mlich may be filed against said pt""""i-es and which shall or might have priority in lien or payment to the debt secured hereby; (c) provide, renew and keep alive by pay~ the I""""""'~~ry premil.UllS ard charges t:herea'l such policies of hazard and liability :insurarx:e as Mortgagee may fran time to time reasooably require upon the bJiJ.ciin:ls and i.Dprovements new or hereafter erected upon the Mortgaged Premises, with loss payable clauses in favor or Mortgagor ard Mortgagee (ard the holders of any other nmtgages against the Mortgaged pPoni-w) as their Iespective interest may aw-r; ard (d) l-'LUIt'Uy SIlbnit to Mortgagee evidence of the due and pmct:ual payment of all of the foregoizxJ charges. (2) Mortgagor shall maintain all bJildin;Js and i.Dprovements subject to this Mortgage in good am substantial repair. Mortgagee shall have the right to enter upon the M:Jrtgaged PJ:pmi -'!IS at any reasalable hour for the purpose of i.nspec:ting the order, ccn:litioo and repair of the bJildin;Js ard i:nprovenents erected thereon. Hortgagor shall be permitted to make alteratiCl'lS ard i:nprovenents to the Mortgaged pPoni -es at any time withc:ut the ocnsent of the Mortgagee, so lcn;J as such alteratioos or iDprovement:s do not constitute waste of the Mortgaged PJ:pmi -es. (3) In the event Mortgagor neglects or refuses to pay the charges mentia'll!d at (1) above, or fails to maintain the bJiJ.ciin:ls ard i.Dprovements as aforesaid, Mortgagee may do so, at the cost thereof to the principal debt secured hereby, aryj collect the same as a part of said principal debt. (4) If all or any part of the Mortgaged Premises, or any legal or equitable interest therein, is sold, transferred, assigned or 0CI1IIe}'ed ~ the Mortgagor withc:ut the prior written callSel1t of Mortgagee, Mortgagee, at such Mortgagee's qrt:ioo, may declare all SIlIIIS due urrjer the surety J\gl:'eement and secured by this Mortgage to be inlnediately due ard payable. (5) In case default be made in the payment of any installment of principal or interest p.II'SIl8Ilt to the tern6 of the surety Agleement executed by the Mort>J""J....... and Mortgagee of even date herewith, or in the performal'D! by Mortgagor of any of the obligatiCl'lS of the surety J\gl:'eement or this Mortgage, the Mortgagee shall be entitled to all those remedies as outlined in the surety J\gl:'eement am they are ~ llr::xn.......ated herein by reference. 2 l;.IQ' I1fi~ i~t[ :Jb:~ '1be oovenants, ccn:l.itic:ns ani agl......ent.s cxrrt:ained in this M:%tgage shall bind, am the benefits thereof shall in1re to, the respective parties hereto ani their respective heirs, executars, lldministrators, "'''''''''''B'JI'S and assigns. IN Wl'lNESS ~F, IARRlr V. WILLIAMS AND CAR:)L O. WILLIAMS have caused this Hart:gage to be executed CX'l the day ani year aforesaid. . . C' . to .. (..,) 1: 0- ;~. l:l ~ -oj ..... N ;) n; : ~., (J ' :.. c.") j- , . ~ ~: ,;.; . C~ ~ ". ::D CC". :3 l"""l"l Cc. to :.~ r-; -4 ,oJ t.n -< t.:. c.n I l'l ." ~. J bOO' 11 fi:J f~tt ~Je3 .-. .... CXHIJ'ME1\IllH OF PENNSYLVANIA CXlNl'Y OF DlWPHIN ss: ~../.I7 on this, the 8 day of Clc:t:CIber, 1993, before me, the umersigned officer, persallll.ly 1I11'....."ed Larry v. williams ani carol D. Williams, satisfactorily proven to be the persalS whose names are ""!-.a("ribed to the within instzument and aclcno.dEd;Je:i that they exeoIted the same for the p.Irp:ses therein CXlI'ltained. m wrnm;s ~F, I hereunto set my hand and official seal. (SEAL) "..\SIll: I' '. ,,",It" '. ,~~. AU:. """ . ,~ .,' ~ ~,,-r,. (~...f'.( Cl ?2'rn-~ "1R}~'~~-t~.\ Notary Publ c ~-.i~ ~....,~,;'r.:t : .,,' '1f;rl1ll.;_ fI'!:' ~ ~ . ' .. .:4.-:; : .::-:: ~':~"'l\'S331 ~ u.,:"":\ .~f. .....l(...li Carc1~ Z....,...~...~1.~"Y Pttiii:........ ~,..t\".. ..' ;.:.,~... u_~._,. ~._,..~_ .J ,,- ~ ...... . ncr:.::...u". ....a:u.' ............i '" ....... .~......., -'. " .1>. MyCor.'rrA.iS.~1 C::.~pskg ~.1 ..;1...., -; :'\.-i'V . lP'JI. ~ -....,.,,\ l:.;.;.vi..'t'4\r. ~ ~.U"~~" W'tlSll"-' I Ileret!i certify that the address of the M:lrtgagee is: 136 Billian SL....et, J;\i; AI"I\, H1 08807. Do\TE: 0 c.. +03[' <.r S' ,191L R a;.- - t!J F .??t;p ~ . - . 0 ~'.. .~.. "..~ "':'.~ .0........ . .' '4-:"s"t.r-."-~!"'" ~.', ..: _. ~....~/.~.~-:-ir~..". ,. ~~ .:..'i'.":~~".....::..:"'~:~ ;.; :........_..,~. .....~-. ... ~~..~.._~~1:. "::'..1 .'. .tL-\:::.::~j~~:~i:>: 'll"VIV"lnla } ss . 00'-' ......f!.. '.0 .~, -" '.' . .-,~ ~......;!;..... .. ',I.--_,"...r~rnd . _.~': :~ ~.." . ' :- ".,~..''''~~~~:~.''' I~~~~ .<,..~~ I /lo';::::rcWt~ ~,;;: I~ "~~ 4 hllO' I Hi:) iA:: :Jb.l -,_.... - --. ..-~ -- ~_1IGR--tMFl!I --- - - - .---.. . - ~ - -~ 'lhis ~. c:Ia~~'J93, t:7t"~.b.t1.Il!Il!llt- ' -.-. - . - _ RIotl'IRDl'l. llAUl:o, an individual ("'Um:ler"), - - -- -- - - .. - - AND ~- ... - -----... - . ~.---. ~ W1IDINGSYSTEMS, !iiC:- ("CBS"), a Pennsylvania corporation located in Newville, PenJ'lSYlvania, m-d ~Y. WILLIAMS ani CAROL D. WIIJ,.I1II'.5 (the ''\-lillia..~'') of 10B3 oakville ~J Newvil~ 1'eMSYlvania. collec"...ively refe.r:-ed to as _the "Bo~". -- - - -. .'--- wrmESSElH: WHmFAS, Lerder is owed a principal am:unt in excess of 'l\.IO HuI..h:ed 'lhroSarrl Dollars ($200,OOO~.lIO)-&emJ:BS pJnIuant to 1Igreetents entered into on or "1;p.*-1:he 27th am 30th days of April, 1991ii - . - .._- ~ ---~- WHmFAS, Lerder loaned to the Williams the SI.III\ of One Hundred Fifty 'Iho\lSClni f):)llars ($150,000.00) pJ%'QlI!Jlt to-a ~ Note dated ~ 2B, 11194-, SE!Cl\I'E!O by a Hort.gage- - dated oeoember: 28;-1~ j\llOUI'ltJ'anains-due ~ -- -----. . - -- W1tmFAS, ~ lcanlld _to the~'i.lliams the sum of one Hur.ired Six 'lh':l',=rrl DollZeS ($106,000.00) pursuant to a Mortgage Note dated April 20, 1993, secured by a Mortgage rl"t-<>rl.il 20-,; 1993, ~.ich obligaticx.L~;P rlP~ to ~ +-0 ..s oLt.~_Nc7...c_- ani ...roch remi'lms fIllJY(tUe al'Y3 oo~; -.-- - - -.- --- -- WImlEAS,- ~ loantJd t:o~the Wj.lliams ~ orUr~ H\ll'l:!red Thoi.l...",,-rl Do' 't1o.~ ~ ($100,000.00) pursuanl:-"t.o a M:ltt:.gage Note dated September 17, 199.j,. sa.:=m-b'i a Mortgage dated septe::lbcr 17, 1993, on which the entire awunt. r~ o..l~; ~, the'1ll!lliams are~ principal ~ldenl of ~ WHmFAS, the~ll1iams am CBS have requested I.eri:iei to loan H\Jrdred 'lWenty ~-Dollars ($120,000.00) to CBS; ard - _.-- an iidditlonal C>ne_.__ ...--. ~,-_ LeMer, ~an.i--the Willill!l8, in oonsidertlttm-bY" ~l . - =venants m[Jtll:iJ~Lin tl\i& Loan !'eJ:eelllE!Ilt (hereinaft..r "Acreementllh_fII'lCl iJIl-.,t.li.m..to lilv h!lIUy ~ here!:l'J~9Q as fo11o.l&l . - -- - _. -.---.. - -Article I L~~ ard nt"her ~it ~~I..MtinnC! - -- 1.1 T6Ill Loen. Le!rler shall, subject to the te..""l!I!S ani corditions ~ined herein, makE; a TecIl wan in the alI'Ol1\t -of Sewnty n~ Dollars ($70,000.00) directly t.o,C6:; on the date of the exe...~ion of this J\greatent ani the Term Note by Bo~, or the- date of the satiofactio:-. cf all corrlitions contained in this lIgreeIOOllt, '...hichever occurs J.atar. 'll1e Term Loan 8h811 bo> eviden:WJ:ri a Term Note in a 1Ql:m aoceptatlle to I.en1er. 'll1e Term N8t!e ehall bear intereSt. ani 8hall be due, a& provided in the Term Note- - -- E~~Ur.IZ,'T I") . I",r:...i;.tl I .~I - - - 17"2 ~volvjllJ 100m, 111 M1<1ition to tile'I'erT.' !.oiln, l.(>ry1",1'" ml1:i. also, suojCC1;..tO__. the t:crnE all"J o:m:Ij~ -nmt.,lI'lC'C he":'eir., :luJ;t' 11 RPvol\'il'J1 r..o.,n to mc:;,-as l"a.lUl.!St:e:I ~ CBS frail tin: to tim.:, b.:\. not in cx= l.~ r.l.ft.:; Tho=.md IJol!ars-lS50,OOCJ.oO) u..... -4II'1Y _ .til'llP. ootstMdlnq. '1hE' ~.,ing 10000n r-.h1lU be e"i.:!!!I'lClld ~ lMSin;ie kevolviIY] - Iflan ~ote of Bot1:...~ payabk,tp the.Qnls.r 01 wlx.le~ .~ f:;l!'lll satisfactory YJ ;c.'X.I,.~ The Revolving ID.,n Note ch.1ll !nature, an1 bear interest, a:; provided in the Revolving ~. -- ..---=:=: -- -.--- - - - 1~ -.,."""", Under Revol~-wPI", - (a) The ''maximJrn credit" urder the Revolving ~ is _ Thousand D:lllars (~?O..l_OOO.OO). _ Fifty - - (b) AYailability un:ier -the~)y.Lr'3 Loan shall bi the lee!!?!' of: (1) the maxiMM~it.; or (2) e1tJhty.:peroent (llli'i) or the "eligible oontracts." "Eligible oontracts" shall be legally enforceable oontracts of CBS to provide materials am/or services related to its pr~ rosiness entereel-4!olto- a..<ter the date ~'S I.OanAgreemcnt. --- (e) CBS may draw on the Revolving Loan I:Tj presenting to the "rosiness manager," asJ:m.t'tmm is de!tnac11n Paragraph 5.1 bel~, evidence of the creation not an eligibm contract. The rosiness Illa/'lage:!:-.:shall_ then effect-': 03_ -draw on the- Revolving Loan in a=rdance with the ~ set up for such draws I:Tj LenJer, subject tothe-~iJlIits set forth in ____~gra}il (a) aIxlve. __ _ -- -._'::'mlA Facilitation F~lI'l txl!'I!!lideration of LerDer's ~.j,ntid:bi.s Agt==-l'..;=.-_ _ ~ agr-e:e to pay- r:mxmr on or befor~.the <tate hereo!,-;--u- flOI1-re~~le -. --rac1l1tation fee of Ten 'Iha.lsarx:I Do11ars-i$1U;OOO.OO). Said facilitation fee sha~1. be fumed fran the Term Loan. .. - ~~1n\Lw.""",I",,,1l of r=ll"ees~r Le."rlet. -'"1r\ ,-,-"...I&!l'ati~~'!f"rmterlnJ into~J./;If'eeiDent, Borrc:wers agree to reimb..lrSe I:iii3er, on or before t.he--da-:e-hE-reof,_ a nono=reTUrilabl€'Slim of Ten 'Il1oosard'"'reTars (~H~tOOO.oo) tOr the legal rn , COstSan:l - expenses incurred I:Tj I:.mer with respect to this transaction. Said fees shall be - -furrled -fran ti\e -'T'l!t'1lI Loan. ~. expressly -agree thll'f- th&- SIlIIl of-.lfel 'lho.l..c:am::- _ DOllani -(.$l~00.00) I....... s!'lts falr an:1 reasonablal;gal-teesr-aJ&t:e ani eJq..'eIlSEl6 - relata:i to t.h.ili transactial. - - - -.- - -.'- L"6 .Use of Term y",," PL~... 1!!!!....Pfo ",-k of-the ':rerm loan l:RM;n;~ after the.. .:. reimb.lrsement of l.erder's legal fees am paYlTent of the facilitatlOl'l fee shall be used _.- -- solely fen- thI!r-~......... of ~ lIO::)Oisiti~ U lMter:l.als aryj/crr servia!S relate:! to current am future worle in process or CXllltract~h- u _ Article II Interest am Fees -- 2.1_ Interest. lntere:st on the Term am ReYo~ing lJ:l4ns_~1l be pi\j'able ty Bo~ on the first day o! eadlDalth, cnl~ted upon t.~~ daily l:nl.a."O! 2 - - --. - --_.--=:-' - 2.2 LccI<W..J~_~ and t~~y 8c:Irrowe.rs shall pay, witfti:!'l~~) dlIys of having_l-Yv>n inV'Oi~, MrJ lCQ~l frv-., exISts or cxpr'n~"'" ;~~ 1:rt l.cr1:%: lo'.i.~ _ respect to the servicing of this Loan 1lgri:lCl1'ent including, b.1t not limited to, foes,.. ccsts...an:l expen::;es inc:urrlXr witn respect to any activity to en1'orce arry ngli1:S- of - ~_.._-Len:Jer \.lI'Der this "",. ..........IL, MrJ llDiifications to the loan dcx:uments, any questi~. ~ to any of~ CXlllateral:prcl.'i.clin;J secIrity for ~ loans, etc.- -. Article III Grant of Securitv Interest 3.1 Grant of Securitv Interest. To secure the payment ani perfonranoe in full of all obligations as that tenD is defllled balON, Borrowers hereby grant to I.e."l:ler a oart:.inuing security interest in ard lien upon, am a right to set off against, am Borrowers hereby assign am pledge to Len:ler, all of the collateral as that terlll ~--::: defined belON, including any collatel"'al not. aeenm eligible for lerrling~. - 3.2 "Obliaations" as used in this Agreeroont shall mean any ard all o.oligations IlI'rler the Term am Revolving Loans, ard any am all other indel:I"...edness, liabilities am obligations of every kind, nature ard description ONing by Borrowers to~~amior - Lender's affiliates, including principal, interest, charges, fees am e.'q)eIlSe5, howe~ evidenoed, whether as principal, surety, endorser, guarantor or otherwise, \o'hether arisin; urDer this J\gl:eeroont or otherwise, \o'hether now existin:J or hereafter arisin;, ~ arisin; befcre, durin; or after the initial or any renewal term o:::..after the cxmnencement of any case with respect to Borrowers un:ler the United ~..ates Bai1lcruptcy -- a:lde or arI}' similar statute, whether direct or indirect, absolute or ~, ioin~- ...sIr ~yeral, due or not due, prima..'J' or secon:lary, li~"lli~ted. .securM or unsecured, original, renewed or extended am ...het.herarisin; directly or llC"WSOever a~ed by Lemer including fraIl any other entity outright, corditionally or as collateral security, ~ assignment, merger ....ith- any other entity,. participation or inL.e1="1:s of Lemer in the obl~ons of Borrowers tcf~, assll!lption, "'l-"=Ld'tlbn of .J.aW, subrogation or otheIwise, am shall also include all aiOOunts chargeable to - tlOrrowers under this Agreement or in connection with any.of the foriigoin;. - ~.:3 "Cbllatere!" l!!hall !llellJl all of the followim t"II'T'Il'lI". ~y <.Ir --=, ~_. ...:'. all now 00II'lEld am hereafter acquired right, title ard interest of CBS in, - to and in re&pe..-t of all aCXXlUl1t&, intereat& am ~ represent8:i by aCXXlUl1ts, ret:u::nB:l, rec)aimAr! or r"P""'~~""" goods with respect thereto ~.ight:IL.JlIi an lJrlXIid vendor; contract rights; c.'Jattel paper; general intarqibles (includi.'l;J, - b.1t n...L l.l:nd'tl!d to, tax am"duty n!rurrls, registered am unreg~ts, - __ trademarks, service marks, copyrights, trade names, applications far the foregoing, t:.-ade secrets, good will, prooE''''~, d.-awin;s, blllegrj,nts. aJStaner_ lists, licenses, whether the licensor or licensee, c:hoses in action aryj other - Claims, am existin1 ard future leasehold interests in equipnent, real est.:Ite aryj fixtures); dcx::unents; inzt.nJr.ents; letters of credit; ban};crs' acocpt.ances or guarantees; cash m:nies, deposits, secu:-ities, ban}; ac:oooJ'lts, deposit aooounts, credits ard other prcperty !nO or hereafter held in any capacity ~. llnier, its affifiates or any e:i.ty which, at any,.,...., participates in lsl:ier's J --- ---- .. . -.. -.. --- --nnanc1n;J of Bo~1:: ML~ltory or other inst1t,ution;ftCJreii:!nents or ~~ Lx SQCl.u-L~ v.. I.~lali.rg to. anrof the items ref~.led to dl...,v~; . _-- - -- -- .-.-. -. - .,..:...... ~. all ~ .~ter 1lO'fJireQ..c.Jcjlt, tltle lUlIi ~t ot~ lAy m 11M in :t:~ ot, .........,.,. ~~~ not limit-..ti"""'tO:=-aU tnve.ntory,_ ~ located;-1oIhether ro.r o.Ied or hereaf~,- "Of '\oIhatever- kW, nature or description, includi.J"'g 1'111 raw IMt..ri,,1!ll, waiTt-ln- jolI.~~ - - - - gcodlI, aNI _t.-ialA -..m ~ '" _-~ CBS'. b....h ~ mx!"'iill........,.s-u- _. lIeI1cs affiJcBd 1:0 ar to be affiJcBd thereto far p.h.j-'Cses of sell1rq SlIII8 t1J tb8 - seller, manlfacturer, lessor or lIcensor thereof; - ~ _ all equipnent am fixtures; .&rever located; ~ther rDI awned or heree!ter acquired, including, ....ithoot liin1tatj.OO:-~lL machinery, _egui.,pnentJ 1ld"..ar whicles, furniture arxI-f4.xtures,.end Mrf ..ni .All....nr!i..l,."".. ~.N.t-it:utigrw_ .replaoelDel/ta (includ11'l} spare partIJ), am aooessl008 thereof and "Thereto; all CXiI'lS\lIIII!I goods, farm proauc:ts, <:rqlS, timber, minerals or the Ulte~._-~ (including oil ard gas), IotlereYer located, Itbether rDI cwne8 9I!'-her~tel" acquired, of Iotlatever kird, nature or descripticn; - all rDI awned and hereafter acquired right, title am interest of CBS in, to and in respect of any rearm:.ot:her personal jolI.,+"",-Lj in or1JtD1~'c:h I.erdar has or may hereafter have a ~~ iol.o:.L_L, lien ar-riqrt: of setoUi- - ~ . all }A. !.sent ard futIlre books and I~Us relati.rg to any of the abaYe including, withcut li1nitaticn, all CCIIp.Iter ~~GlI", printed output am.......,\....t-. r-ro-hle data in the po6!:'es"ion or U-Illu.ul of ~, MTi ~Jtp.-r~t2 ~u or ~~ p:uL)', ....1:1_ _ _ - . -.u.-.. - --. ~--- -- . all ~. ard,}u.v ......... of the foregoi.rg ~\oIhateYer fULl" cud wi_ever located, including, withaJt li1nhcsL1C1'1, all ~ ~.~.. am aJ..l. t:la1Jlls .. against third parties for loss or destructia'l "C1f ar cbua':j" tu -any ot the foregoi.rg. 3.4 "Col' "t-a,'P"1lII'" shall """"'1'\ the J:oli.Dd:n.:J w1th 1J - '" ~.... 1 I I ~ ;;::amq - -Ul8 rea.!. . - .-. estate situated in the '!tlWnSIiip of'NOrth ReWtcn, CD.u."'1 c:il CUltmiMil; CUIIn._.L.l.U\ of PlInnsylvan1a~ and aesignaUld asJ.US:n)aJtvl11e~-NaNjJ,18, P8nnIiylvania 17241, - title to weft ,_ ecquil:od b} tJ.e Wiiiimas Dy_.deed datect JfII'Ull'Y 26, U89, .lIDdj;~db;\ ~-- -.- in the OffiC8 or me NlU&der or ~in...Mld tor &a1d .............}' -i.ft-~ 1.." "v", VolUlll8 33, Page 120. - -::--- -- _ .._ J.S ~II'''''AL:. l..u ~ I\.....L. _~ ~~ ~A ~~_aooJIpa'1tL.... - Lerder fran tine to tine shall request, in order to allow Lerder to perfect !}is_security iJd.c.&.t:mlt.. cud li~_. '!he tilirIJ t'Be8 an.1 ot.I'IIr rxsta ftla'tBd U,J U_ p6.~_","1~~ m satisfactia'lof 1i~""",11 .be p"M ~...Eluu....el::8 1n~ ....ith Pau:nMh 2.2 e,boYe. _. ._. 4 - - ~ -- '-- - - -- 1u-t~ _-- Joint and Savenll L\abili~~ ~ -~ -..-- - 4.1- ~~...I-rllitv ia ..".h.... an:;\ .......-..1. ~ liability of.CBS am thG~illiana 11M 1 - - ~M..c>>-~ers ~~di19.!L..J.s cUrect, ~lll~.AnCl \IrflOI'l1it)alIll,. ~~int ard several, am shall not be affecte:l in Mrf way 't:1f reasoo of, UlILII~ others: -- -. -. ----.. -- ........~-- - -. ~ - --- (a) -Mrf. .fllii.1=...: to re1:atlL'-"L.~ s~, -a:-lac:k:- of "Jrior - - - enfI.JL.........Il. of, art! I!ylll... -mst a1lyllelsaD ar..~.or~ in-any lA~c.:ty~t:1ie~: .. -. -- (b) - ~ty o~ aT!Y such right IthlCh IIBY be at~ to _. -~ , . .------ -- ... .. --- (c) ~delay in enforci.J'i!J'"'li" failure tlf enfo!'08 ~~i~ta even if such rights are here't:1f lost; or (d) ~ delay j.n makin1 demard CIl e"itlwi CBS or the willi_ far . -.'"perfarmance or payment of tlle obligatitl'l& of either herelxrr , . - - 4.2 Notice. EloITooIers here't:1f waive all not1a!~r -arr; dlarac:ter whatsoever wlth- Iespect j:Q. JmY default un:Ier this Agmement ~~_I1It_ not li1nite!!1.to~ not1ce-ot-l _.: the acoeptance hereof and reliaroe hereon; the pIE5:"lt existence ar-future inc:mT~<<--- _ Mrf liabilities of either to I.erxier; ard/or of the lWJIlI'It, terms and oorrlitions thereof, and of any default thereat. lloI'rClWerS l....t4.oy an;ent to the takin;J of, or !allure to take.b:aD time to t-it'.....lI/ltho.1t JXltiQil_ to eit-Jv.r, ~ ~c;t-inn nf "rty-m"hlh>..-- .~~ whatsoever 't:1f I.eOOer with respect to liabilities of e1d1er t:D tmISl!r am 'With respect u tlr'!2le rights against arrj persal orl"""""""" (i~l'rlirq CBS .arxi the "111lllw:.) ot'""tti any~ .. prcperty, inc~b.It_ not limited to,~~~:: (l)..tensiar\S,-~ lIu.d..d:cadons, ~'4...di!t"ents, .~.....~ .J.n:IuIgenoes, wa1\'a'!r, surrerder5, ""~rges .-. .am T'Pl"""e5, mJ1 CBS ard the Williams will rE!lllirln ~l1y 1;"hl" .hereCIll'lQtw"it:hstarxiin;J any of thefQregOing. 'lbe death or incapacity of either shall in no way affect..the- -.1'1abittty~f tho. 1..111....... ~ 1'Illre't:1f waive the bt.....Ut""of""a11'!"'" --- _. if!' defenses lOhatBoevm- w..elther's !'!!It;iJ.it:y~ ~ ~ aeren&e or payments maae CIl ~I" QI:l:hell:. joint ~ -Sl!IIer8i- liability to Lc:u:b.; aryj .- - - {hJ all ri<;tts to stay of executiCll ani exenptia'l ~ prqlerty in _ 2o"Y :a."""';1'W'l _to-8llfCliiQQ~ ' ;.:ah; 1;7 t'\~ .o;+-kaP' ~~,~...._ -. 4.3 Waiver of Ilinhh. - ~ ~i..."8ny claim,-~ight or-ren~wCh - - ei u-. ..tty now have -or hereafter ~ against the ather or llI"IY- ather_ co- lIl/lJteI""tlr ~~ that arises .H'riP.... this 1ql:eEID8Ilt aryj/or ~~ perf~ by e,Wle;: llrxier this Agreement, said waiver to i.rx:llXle, bJt not be limited to.. any claim, remedy or right of sullrcgatiCll, reiBtursenent, excneratiCll, oontrib.lti.a'I, irdemnificaticn, o!' participation 1n atW c1,.illl, r1gl'\t or H..,,,,,1y o! Lerder agatnst~iJ:her. or in any- security wch Lerder oow has or hereafter a~, ..mether or not SI.Ic:h elm; right or remedy arises in equity, urrler I.uIL.act, by statute, urrler oat'I1DI'\ law, or otherwise. "Claim," for PJl1X.ses of the ~1i"9 sentence. """11 in::11X1e.. I::ut not be liJnited to, ~.rlliIht to ~y:ilnt l7f.eLt1i8r-a3S or the Willi....... Am~, Iliel::ber- ~SIlCh - 5 -- -- - - tight is reduoea""to jWcj.....lt, -liquidllted, unliquiclatea;- Tlxed, cxmt~, 1IIItUred. .' Ul1Ilfrtured, .cii$l1oW, ....di~ed; legal, cquitml16., __..d..1% \II'1tlOO.1l"C, the right.t.:r"" - ..:. any......equit:Abla...I~~ I;.reac;:h of QICh perfOQlll)l'QlWlether suc::h right to equitah1A la..llliy is ~ j~ jll~Y'EAt, fixed,-a:lPItingent, matured;- W'lMt:ured;--d~,- - nm;~cd, eeoured or \Jnro~pj, -~ - - --- - Article -V-' ~~..~- --. -- ---.- -+- - -- - --. _. -~---_. --- 5.1 on or before the. daYt.9f the exl!&Ytjon of this lCNl Agreement, or as soon._ thereafter as is practicable, CBS shall ~!JE! a blsiness..-tnana9er, 1oIho shalt be satlSfactory to I.ender~_.for_ the p.IIpOSE! of advising CBS 111 the management of its Wsiness. '1he existenoe of a contract for the C1~'~It...of such -a b.miness maJa9llX' - shall be a CXlI'1dit-iaot pi. n 'et.t-tif the release of arrj furxis to CBS uii3iFffiis~..........L am the related Notes. said I:usi.ness Illanilger will, alag with advisinq CBS in the -- management of its l:usiness, 1IIlI'Iitor all ~ un:ler the Revolvirq Loan to iSiiire that all such draws are in OCIIpliaooe with the terns of this .r.gr-nt .am the ;;evolvin;J Loan Note. - - .-..- - Article VI r.rlr'!itional Covenam:.s 6.1 InsIlrance. BorrarIers will maintain at. all ti1res adequate insurance to the satisfactien of I.ender with insurers acx:eptable to Lender against such risks of lc:ll!l as _ are custanarily insured ~ ani in aJIDJJ'1ts Cl.lStaDarily can-i.ed by persons Cllo/!'Iirn. . leasing or qJeratin;J sim"'" Ptqlert1l!S, lncluding, b.1t not limited to~..fire~en-~- -~ coverage insurance inii:i1.,.nn1n~ M- least equa:r:mthe total.full inSurable __\!alue of the CXlllatera1, ~~M f'l.Il'T.hP.r.tbat the aIlDlI'lt nf ""rohlnsUranoe shQJJ. at all ti1nes be sufficient to pLt:lv...lt ~ Yran ~ a oo-i.nsIlreI'Urder~ of any insurance policy. &ldl..insl.1R.nce sball have a lag fam 1l!1'der's loss payable errlorsement in favor of I.erdoar prcvidin:.J fer at least thirty (30) daYli' written notice I..U b=..db, -'llf"'!tlr to au~.I..1l!dm am;- 1.'" this regara, ~-Sha~l auSe a -Certificate of insurance to be delivered to I.err3er priClt'-t0:ai8.lnitial advances urXIer-- - this AyL....'.e.lt aril no "later -tban thirty (30) days prior to the expinltlon Of any "snc:h - .-insurance~. llClrI'C7WerS- ~ 3teep t!--l..- - ~...tely lnSUrecfax--..11 -times against liability a1 aCXXJU1'1i of injury to 1-'=",-,6 or pl~ and ,^",,,,1ywim t:ne ~ ~1nsuranoe provisions of -eH--i!IppliO!lble 'IiIX}{er's OCIIlp!l1Sc1tioo laws am will eff~all _. _-=. such ~ VAl.j,g ~ enforceable polici=_ i"-,,,~I:ly insurers" of reoognized _ ~lity. PriAX" to the inl-tW~ urder-thia Loan Agi:eemerl~<&IU thltreafter _ _ within ninety (90) ..9a....YLClt the clg;e of each fiscal year, ~ will d8l1J/a: to l<<1der a schedule iniicating all insurance then in fUL'-"C, -- In the event IL..h"eu fail to secure i.hsurcooe as hereinab:lve provided, l.erxier 15 authorized at his electien to pay "M "'""'t. oLlnsuranoe..am Borro.oIeI:s.agree to repay- all SImS so paid en deman:I with interest at the rate provided for in the Revolv!!:9i.am- Note. tl1til repayment, all such SIlIlIS shall be secured ~ the .sec.Jl'ity ifiterests provided for herein. . . 6.2 (';o5l:1...D-~ts. on or be1.ore the ~te of. any ~ urder.. the ~lvinq Wan - "'~ Jik;Ita, CBS tWo}) prgvide ~itb .. boIelve (1~ -" ca&h-fiow )-t~_ w~ 6 -"- 6.3.. finl'l.1'lCi!'ll IQ"... ~ of rM. ~ ~ll tuITlistrl:O If-Iper, ~ t,W.rtv 130) :"- days of the erd of each IlOl1th, an unaudited set of finanCl.al stateroents whidl shall =-_. include an i.n:::CIIIil statl:!llll'!l'lt, l:lal~ ""~Io~ ~\.O.........lt nt: ,.....ltI,.nOi, 'Whial 5\,.Cl..A.~ - - _lIhall tle verified ~t1l1if~idBnt of as;-sUbject to ~tiea of 18 ..._C.-s~-- sect1m"-.909 T8J,atirq to ",,__10 falS1fi..--lN'\ tD m.l'tb..d"l:1", that- said.. gJ;U~-' is. fallliliar with the 1:lcldts and records of 035, ~~1naN:1al atatall[!rltS are true ani U,JLLect to the beSt of his or her knc1WleO;!el _infornation and belief. Wi~4ixty (60) ~ys after the clc;se oLCfQ!JI fiat"J'll yea:fJ O35_shall..~~!..- finanClAl statatents...nich shall irdtde an ~ statement, balaroe Sheet, ~~ - - of cash flew, which stat8Dlll'ltS have, at a ~o::JIIlil~LinJxlDfQB1.ty w.ith-=:sr: generallY acoepted aoco.mtin;J prin::ipl8S and have been verified "oj CBS's PreSideM. in- - the scme Jral'lI'lel" as the 1IOlthlY statenents. In acklltion to the finanCial statements as herein 8lxlve desCri1:led, CBS shall alsO prcniOe to~, on a nart:hly baSis, within -- -'-" thirtY (30) days of the erd of each m:lI'lth: a lis;t of :w"""'''lt& reoeival:llQ and the aqin;J_. of the ac::ooonts reoei val:lle due fran each ac:cnmt debtOr cwing JfOf'Ii!'i to CBS i a detailed"" list of--~-tbe coet eesis-of said irJ\_ttatYl a liB'; M all _..../l-acta irl pLoc,-", the p=...etrt;age to which each contraet haS been CXJIil1eted, and the value of the i:x;rrt:ractS; a list of all legally biIx1in:J ~.u......L... I, ,) ,,-..h-lrh CBS ~: JlO1:,E!nd ~ have not yet been c:xmnenoed and the value of thOSe <.>.Jllu...ct5i ani a list of all bids,. offers, or other solicitations for contracts ~..naw lJlileIl pJ ..1'J>d "oj CBS which have - not, as of the erd of the nontl\, been either acoepted or rejected am the value of-.' . these ......,u.acbl. In aeXtitioo to the -financial statements and JlPflthly details requi.rEd----~ aboVe, 035 shall alSO provide, within sixty (60) dayS aft-..r tlle fn~of arrJ annJal - i.ncCIIIB tax return with the federal 01' ..\,.dLo: yuv....auoa,t., CXJlieS of said 't2IX U.L....lf" hi n 1J!rder. - -.-. -- - - .- -- - - - - --.- -. --- - -- - ---- -.- - - -- - thirty (30) days of the erd or~~~ ~~~~ 1Jh1d\-alIIY Cli101Ilts are-~in;J w~'1:trl's ~......,~.t, CBS shaH~l~ a .".1 :,,:..:......n f1Ol1~fO;: tne next: twe1.ve l'2} .BX'lti'1i "rd,A wr~ cUW~.l<< the ilt'1~" ,:"",t-h. - - -~- .--'"- -- . .-"..- 6.4 finardal1)~ or williams. 'llle ~-ihail tarnish to UlnB", within-==- thirty (30) days of the last day of each calen:i&' ~ an UM\Xir-cSa"bll1au"" ;:ll.....t., - which shall be verified "oj them, subject to to- p""'ltieli -'If J.6 Pa.c.s. ser-t'inn..~- -relatin;J to iu&:....i""fanttnatim to auu,vdtlM, ~~ 1:1... ba1.anC8 lIhMt is ....- _d- U,JLX"ect to the best of their knc1W1Ed:Jer inf'="'"""'T' i nn .ad! ~, I At . - 6.5 BelatialS with Tnsin..rs am AffiliaT'- Bm:L:..let1i IlliiY ,~~li8 ~I-sed written .............It of t.en:ieri ~y erdlar jnih.....Uy, ....1 <<-to 'the repllz_1t. - of the obligatiaw t..pl:"es'9'l~.Ef w.. wan ~, ~ ~l~: -. . -.. - .. ~ (a) _ l8rd or advanCIi J/ICI1SlY- or F~tc, 9'",,.,,nt-- J:Sr'~"'''''' ~,of, ar ~-in.arti~' tu:m,.~ or other entity; . - -.-- - - - -' (b) deClare or pay or make arrt dividen1 or other' <listribltiClA-G\-- a<::""""Jl'lt of arrt shareS of arrt class af..J;tQCl.tof CR-Cl ~ or .. ttereafter ~; - --- - ~ ~-'_..- (e) pay arrt officer of 035 arrt salaIy, or provide arrt benefits, in excess of that which was bein;J provided as of oct.oI:leI' 1, 1993; - - _. 7 - - . . - (d) IMke lII'f/ pa)'ll1l!l1t of the principal annmt or or interest on _. ____. any iroebtc:dJ......3 to Mf'J insi.:L O!: a"fil11a1:e-:-(clt.fined as===-- _.J%OYickx1 for...in l1..1J.S.Co <'.....-l-inn lOll.L. _ .-: _ ~-:-- .- -. - - - - - eel mak~ any loans or advances ~4o&lr-4~c;; <u:d_ _ (f} --. jntp any 5ilD~lease, or other tnnsaction ldtb.. anv. - off~ of- CBS;= or MrJ insider or affiiUlte--of- ~i~:-. -. - ~~~--.--=-' - . --- :---;;. ... _. - . - 6.6 EhcIlmbrano!!S. 'llle Borrc7wers shall not VOll.llltarily, or involuntarily, 8llO.II11ber their assets-wi~the_Jdor-~ written ~.l:mt oL~..-' _'_ -_ ~6."1 P:..~ tv DcJ'Cl_,.eilt. 'ihe Williams shall ClOOCIII!.lish ~.to1--lowing -With r~ to the real estate which serves as oollateral for the obligatl...... w~ this Loan Agreement: -. (a) have Iill~, on or before November 1, 1993, to have.tb4____ - sibtivisiat plan& for the real estate on the ~iate . . :i:'~' lei' '" Ida ~.- f' t Jl'lJlUC1pfl 1 ~ S--p l"'II'W~ '--1'--1 D ~ aloo -..I,'U:I __ sd-t!., Ar'I meet.inIi after November 1st; (b) have lots 1'ran the sulxlivisions available for sale VII "'- before April 1, 1994; ard (e) have reset the priem; of the lots on or before July-!., 1994, am every t:htll&.13) Dalt.hs thP,..."nl>r. Wid) P'ieirtl "Will be 'CCJr'ducive to an orderly ::.eh: m..d .shaU-'have k.... -. - --- -.; . ~ .. ~-J)J lIal.8.-- ~ ... - -. - b.ts Pavment- or ~C!""6_ -'w:::ulS an:f otPi!r GOVCl.IUI~~. ~ W111 payor cause to be paid all taxes, assessments aryj 9tllei' governnental~ to Mlich U....&.uWI8rII or their. prq:erty. if:: nY" shall be subjN+ hP~are JV"'l\ ~~ "'~T_'.A _I ~l1rquent, ~i:!d.iy- any~lc1'r..taxes, ..~, ,~.ts U' ~ Wich .,...rDf.... cr :2, hereafter 1.... . ..... llfp' i,..",h'.. to 1mY l)f the transactinn<: Mnnt-""'Plated.by this __......e.Il, ana Mlidt 'ItItt1 be ~!!~ or- !lB!l!!S'!lea against ~\A""l"', ll......ltu..j, '^-"ILL.........,"1AIdl... w; .- .his llS6i9f1S. ~ided, tn.IeYer, no &Ud1 tax, ~"p~ 1..nt.~!'lIlQd.to be paid far so lag as its validity ~ 1IIlnInt !!hall be oontesteQ in gocxi faith by ~~1.ate~~ 1-"-.~il.g.) dulYi'<- !i9O'.1ted aI'd Bclrrc7.lers shall have:.;at~'l2l their t:xxlIa; suc:h.rasarva--.-. . with respect thereto as shall.. ~ dictated ~ so.uxi ~m; practi. r . - --- - In thIiI 81111rit ~t'S. fall.to .pay or cause 'tl:Uz~ allt.axes, "'""P;...........'lts and charges as hereinal:oYe provided, Lender is her'et7t authorized at his electI'Oii"'W pay all ..... CUll" ..-u L 1:I..........{ cud flvuuoolll!t" "':JL t... repay-all I!IUIIIS 80 paid en &......rI! vitft interest at the rate provided for in the RIM::Ilvirg,. loan Note. until ~yment, all such SIlIIlS &hall be S8OlI'Ed t1j the ~...iry.iJ:lterests provided fOJ: hereln. _ 6.9 Maint.enan:le of aa....ts. Borrowers will IIl!l~Jn, or cause to bl! "lllllintai.ned, their prq:l8rt1es and assets in gocx1 order ani will 1-"- ssrw am protect LerDer's SElOll"ity interests provided for herein. - r --- _. B - -- -~ -. -. ~ In the 8WlI1t BorrowerslaTI 1:0 lMlntain their property am assets in good order, or - . - , . - '"7 rail to pi: _ v", a.ld pxuL....-L L.aA... 's securttr- i.Jj~"""L... '!IS 1=,=iJul~-~icled,- -: ~ is aut-hnrhw.t it-... .o'...+.nn.tQ pay the CQIit of ~ Borro..oers" j?'\f)"'r:tY:....- -.., - 1ft! a.seet.lH:Jr tM ~ta 0.[ lii...l6r9ing any li.. 11__1 ...'~ agrM ~y ~LSUIId = p:oirl on ~""""rrl .with "';.,:..=4 at-the rate praviriM for in this-~_ 1w.p._lIlIlt. Until repayment, all sud1 SUl16 shall be seaJred \:7f the security interests-- _. P""""'idelf'Yor lllt'P'I>1",- - - - ._~ -- -- - - - . -1:"" - .. -~- Article VII Miaoellaneo.1s Provisicns 7 , 1. Choice or-l,aW ~ '1his 1w.p..........rn: 15 III!lde lii';- shall be governed \:7f, aJ'lI:f"I!M1 De ... ~l...Al in IICCCItdancIl with, t1w laIIII of the r. .,.,. .,.-.lth of Pennsylvania. - 7.2 Rindirn Affect. '!he ~eellent shall be binding upon, and irure to the benefit ~._- of,-the-parties hereto, their respective heirs, persal!ll representatives, Sl~l'ors _ and assi~. --:"='.7.3: JI'Vi........... of TY'1f'Wott_l. .'-'!he I:looIt aJ1:i.r..........dl. of L..... wi.Cft L !In tlclliH rl9R1i'IJII with CBS &hall be .. -<>d CXI'IClusive proof of the matters asserted t.herea1 in all pl" -"'i~ aqainst the Barrcwers UD:Ser this 1w.p............t. - 7.4 Final Ao.4eement. 'l.lWi ~ ccntai.Jw the entire agt_,t of the parties ~ with l~ to the matters covered \:7f this Agree!nent. Arrj prior ~~,,,,,jts, prnni-tr, negotiatia1fl or L"'t"" !Hlttaticns not expn ly set forth in this docunlent are of- 00--- farce N'f' ..~~N+.. kri aral1.~H-t'lt-..t-itll'lS or lIlCdificatia1s c:xn::emin:J- this Aareement -shaH be of no farce or effect ex:lllpting a sul:sequent mcdificati~ in writi.n;J,. Si.'J'...:l - \:7f the pert:y to be charged. - . - - Article VIII Defsul~ - 8.r~ of n..f'ault. l!orr'cWi!ri'"Sha1.1 eeln aeYault" CI1 the ~ of any <.Ii - =tfte..:f.ol1OltiBJ e'II'l!nts: (II) the failure to make any paYJlllll'lt required \nSer this !Dan - - ~,-....nt, . the ~, .cr:. any other dco.Iments related to this tran&act!CI1; - ~- --. (b) the failure to provide the finan:ial L~ ts and cashflcw ~t... requincS ur.dt::.. PIli_atl.~~Gld a.3 ~ \:7f the-- __._ dat-- 'V"') Ilhich aaid L~ta are due; _. _ (c) the failure to CD1ply with each am every affirmatiV8 cbliqation, or limitation, ocntained within this 1w.p._..eI.t, the Notes, or any other documents related to this loan-- transactlon; 9 4.__.. -.....-. --- - . . - (d) . the. Bcrrowers dissolve, t.er1lIinate their exist.wloe, or.' otherwise d':';~ their b.ls~ forin, or lolaV'l! a jl.ldgJnerk- entered.against tilcm. . or ha"4l arrJ ot -tileiJ:..ASSOts attad:lcd Jon any l""g'" 1'1''' -'-11"9. oc .tile ~ or make...iW assignnent for thejJenefit of credi~W'der any applicable state law; am - ._- (el the fldlure to""Teiimiirse any fees, expenses, or- cOst:'S'aS requind ~ this Iren h;!l..-....d;., ~ -==- --.' - 8.2 No R8i1!Jirement of Notice of Default. BorTcwers shall be 7: -ed to be in default I.IpO!! the ocx::urreJ'D! of an event of default. No notice of default is required to- be gmd.~ lzi Lerder. Notwit:hst.ardin:;J the''"lack of any-~ of notice, I.l!nder1lll)! give jlorroWerS notice-9.l a_ default either Ol'al~-4n writin;J. 1nz such- notice shall not be deemed to be in any way a mcxiificatiarrof --the fact that notice is not a lA~..utia1. to default. 8.3 Jer lIies in the Event of Default. ~the ocx:urrenca-d an event of default am any time ~, lender IIhall have all riijlht.a an:i ... 'H_ provided in this ~-- - ~4C1CU11:1JL, al,z ""U.I!t. ~~_~"Ils be~.A!!j b-..~ arxl-8uL~~'S, the thifCIDI a..-..__ial Q:lde or other ~lj....hle law, all of which rights an:! remedies may be exercised withaJt llCtic& to Borrcwers, all nctia!S having been waived. All rights am ...........dies of Lemer are t'01lftll..tive am not exclllSive ard are enforceable, at I..enjer's disc:retien, alternatively, S'lOO""eively, or ~tly en any.ona....cz:: 1IXJI:ll occasicns am in any order Lerder may detet1nine. WithaJt limitirq the foregoirq, Lender may (a) accelerate the payment of all obligations an:! deman:l imediate paymant thereof to Lender; (b) with nT' witht-.lt jlXlicial ...~ or ~Jid or assi.st.ara!. oLC?t;hE!rs.. ~~ a.rT;/ ,premises__.._ en or in 10ihich any ~ U... u.Jllateral might be loca~ CULl taIce po eiCl'l of the . collateral or OCIIplete the i-'",""'''i~. lMl'IIlfac:turin;J ~~i,. o~ all or any partien of the collateral, (c) tmWre ~ at BorTcwers' ~ to ~le am make available to Lender any part or all of the COllateral-at any plu am tine designated by J..enjer, (d) collect, foreclose, receive, ~"i"-iate, set off am realize upon any ..anj .all.LXlllateral, (e) Prl-PTrl.tbe time of.payJlEl1t of. 1...... ~ ~Mtt1e far cash, _. - Q. cd:!: L, u,wrn of !IlI!!r'I:tIaTd, -mod -upon am.m'IY te:rma or oc:n:l.i. t;.", -, Bnf"!IJ'd. Illl acx:a.mts or other collat.era1:"1ilh1c!l 1ncl\XSes the mne"""Y nh,llJ"I In!) an:l disdlarge or reJ.ease of tlii aocnJrit debtor or either ob.LL\:lUJ;, ~f_...1:n:J 1lJly of tlle --- obliqaticnl,-{f) sell, lease, transfer, assign, deliver oz; othRrwU;e .di~ of any and -,1"1 "COllateral (irclmi.ng, withcart: limitatien, enterlll; iI.to--alI'ItiiiCts with l.espect hereto, by public or private sale at any excharge, broker's 1loard, and office of LerD&r or eJ.sewbe..c) at suc:h prices or terns as r.ender Il\3Y deem reasonable, for cash, upc:n - cnmt or-tCl: fuWra delivery~itI1 ~ ~virq..tberlght to purchase the 'ob::Jle or arrj part of the collateral at arrj ~~l!c sale, all of !.he I~~..free frail any right or equity of redenptien of BorTcwers, ...nich nght or equity of L..db.t'LJ:tz1-u-t_~ c4<< ely Wlliwd an:! released 'i1l-a.,u","","",~'t- au' v! thl! collateral is sold or leased by U!nder IlpCln credit terms or for future delivery, the obligatial wll not be r"""'''''''''' "'" ... -,It thenlcf- until payment tbere.for is finally collected by Lerder. Notice of rI;~itien of collateral as required by law, ten (10) days prior notice by Lerder to Borro.oers designatirq the tine and place of any public sale or the time after which any private sale or other i.ntclded rli",....itien of the collateral is to be made, shall be deemed to be rea.sa1able ootice thereof, ard IlorrtM!rS wai~' other~ice. .J,j) the event I~ institutes an acti~ - 10 - - - .- - . ___'any collateral c:r - eeeks ~......)' .or any collateral ~ way of prej~''''''lt -" Barrc7wers waive the ~"1lITf-lx:n:llo'hid11l1ight olherw"1se-be' nquL.~. .Ll,;,jl~, - - 8.4- .Cent - ion of JId .-,It: Clause. ~ lvilr&I::7jiluthoJ:izQ arrl ~ "l"'f'/ atta:J'leY-~_ Prothonotary or Clerk of arrj Court of Lt:M:ll.d within the united states or elll8Where, to IIR"""'" for IAander ard confess j.."?.....tt, withcut default, against them _ in favor or~~ 5UOOllSS''X'(S) or assign(s). as ot .!1fJ1 Lc..n.. far any amcunt. then_ due under this J\greeIIlE!I1t, ~ interest at the rate of twelve percent (12') per anrAJlIl - - fI"CIII the date of the.ir""'cbl1gaticmso- -mm attorr1ey5'-:":ees- of tln:..Jt.r ..-..-.t. (20'. tl......o! for--co~1<<:tia\, with cost of suit am rel-.... of all en......... No sirgle exercise of the faregoirg warrant ard power to confess jh1c:P-'1t shall be dE -..d to - eiihauS\:. the ~, Whether or not ~ sx:b exercise shal1 be hell! ""y arry Q:m't ttl be --'-- invalid, void!!ble, or void, ~ power shall caiti.raJe--unaIminished an:! may be - ~ciaecl-fX'Cllt time to time as often as IAander ShaIlEileot.r4lnti._!.. all Ill.aB payable or that my be- ..,... payable by Barrc:M!r6 have been paid in full. IN ~J;LJU:O:>O ....:.. J. -, .......L~ ana I..erder hlIW-~... .Ilol' ~~eenent as of the 8th -day of october, 1993. ~-~---- -~ ~ By: ---ti.tie: ~ _. PL_l&..L . - --- . ..--r LENDm:- - By: -:. Ric:nard H. Hale - - 11 --=.;...... '. -.-..-- .' TIaI torE --- _ .:........s70,000.00::--. 1I,,"';'i<:"""g, PCl'Il'Isj"lva."'lia..- ---.- ... _.. .- .......~. October a 19Q' .-- . __ ~J ' ~I ~ tUK III\LUE ~vUJ; the \.D1:iert;1gre:i BOITCwers-l'ItJllise to pay to the - ~ . .. ..., _.:aichard H. Mala. ~"Hale"l the principal sum of seventy 'IhI::usan:l Dollars ($70,000.00) -- pursuant to the terms of a Loan 1IgIeeiuWlt l.eboeeh Hale and Borrc1Ners dated as of october 8, 1993 (the "1lgreenent"). - . .. - - - ._- - -- -..-. ~vments of PrlilClcal am Interest. EKoept as otherwise provided in the J\9L"""".a"; the .__principal balance of seventy'1ho..lsan:i In' 1;0.." ..{$70, 000. 00) shall be payable on or b&fore April 8, 1993. 'lhe o.xtst.arxting principal balance shall bear ~ fran_ ti!e_.date of this Note until the maturity date at the rate of twelve percent (12') per annum. Interest acx:ruin:J on said principal balance &hall be payable lIalth1y on or- before the first of each JIlClIlth. ~l.ln~~~ ~-the lilt of~j..l aro Iip[',u ~99lr-: -= the due date for the principal balance un::\er this Hate, shall be paid on April 8, 1993. Pavments. Payments of both principal aryj int:erest t.:."""., whether at sc:heduled mturity = trJ declaration, aa::eleratitl'l or--cttmwise, sIm11. t8 dIJe and paydtlh..uu U... l:Iat8 -5p8Cified for such paYJl&lt at Ha1e'&...z:aoidllooe, or at such ot:lwr 1''''00il&. i1~ .the-holder heI:eof shall designate te-Bcu_ .. ,in writing, i.R lauful ~-the UnitMd states ef--. - America aryj in illInediately available funis. If any payment of principal or of interest on this Tern1 Note shall 1'+ ~~ ~ on a day . other than a day on wdl J::ianks-are-cpen rorbJsiness in HAu.i:..t..u.~""'ilvania, such payment "Shall t.. ....dlo on the next 5'~1rl;fb1siness day. 8m ....- ..w.i>n.o;lnn at time "Shall in such case be included in CCI1p1t~ interest in connection with such payment. Attornevs' F....... In the event of any c:ollec:titl'l activity with respect to this "Note, Borrowers, in ackl.ition to all other S\lIIS wch they may be required to pay her'eurner, ~1l pay a reasonable sum far lltttlrneys' fees and~l1~Oh expenses in::urred ~ holder hereof in oonnection with SIlc:h acti vi ty, court costs am all other c:osts of oQllection. - - - :-:-_ - 1IIi......., leu - ..... , 1\tIsent lIEIlli.1'est =~ VJ., the I.........db u! Hale shall be 1XIlClusi WI, so ltn;; as Hale is the holder hereof, with-r~ to the date anlI~incipal: CIIIlOOnt, interest . ~ ~ea., am-aate arlII_.-..t o.f eadl pa~ of princ:~l and ~ JrA"-h!.' .Rn1""'t""r"';["C! __ This Ter1II Note is the Ter1II Note werred to in am 15 entitled to ~ benefits of tha ~~1\ef1t weft; ~p:ovideB ~cr -the ~leratitl'l of the maturitf'-da__-, upon the ClCla.II'I'e1D! of certain_ eventsL-__... _..__ ___ 'lhis Ter1II Note shall be gov&rned by, am CXlIlIitnIed in aooordance w~th! the law& of the Cama1wealth of Pennsylvania, am shall bird Borrowers, their S'-~m-s and assigns, .___.vJd Iihal1. .inJre to the benefit of Hale, his 11I--".. and --igns, bJt 'laY net be assigned by Borrowers unless Hale's prior written cxn;ent is obtained. -- Borrowers hereby waive pusentJnent, demarxl, notice, plotest am alrW1er ~am notic:.. in .........-.tion with the deli~, ~tut:, per-f~_IOe, default CIl" _.l..._._,l of this Pral\J.ssory Note. - --.- . - -- .~......... EXH!BiT . ~ . lI.C'1aJC'Wl' J.Jr.~~ -- - -- <:f-1lte of Pennsylvania naunty of Da\.1lhin. .,. . -.J., . en this ~, day of october, 1993, before me, the undersigned, a notary pJblic 1ri anS for said state, persal8lly "W""'red~-V; 'W11l1alllS,~ to me ~;--' li!lDIbeizxJ by ne dilly sworn, cttcs _j that he is the President of o...'F-"ICIft:. -alllding- .- _ systeD8, Inc.; that t-hi.. _TIll Nnt.. ....... Ai.Qned-m b!half of said ..............."tiCl'l tv 1!l11t'.hIrity. - of its Board of Directors, am that as such offioerr,""b& baS aclalcwledged the &ecutioo of said Term Nate to be the voluntary act anS deed of said OOI}'ULatiOO, Pi it aryj ~ him voluntarily executed. - ,. --' -~.~~ {,~.f a. 641;;'~~":':.:;'-"a l...-:- . - '.I"''!I\1'C''~ C:r.'~ :r";"';;"":'.I~fl\dc .-t.o.~ ~.."""~. MyCJ"~'"__''''' 'E.~":.-; ?"'.'!WJI ~ ,""tlBlBlf state of Pennsylvania cnmt:y of DIl\.'P1in .~l en this ;'::> day of October, 1993, before ne, the undersigned, a notary pJblic - in and far said state, persal811y all''''''"Eld Larry V. Williams and carol D. WilliaDs to me persalal.ly known, who~l:lej.nJ by ne duly sworn. did say. that ~ have ~l~ the executiCl'l of said Term Note to be the voluntary act am aeea Sl!l1d indiVlCiials, . by them voluntarily ~ --- . . - . :. -. _. -" - "';. -' -f"S-- -:l- - -...:-' . .~ C a....<(..-fU /C.~..i.'~1';~ . c..' ...... - .. ~SeII_. Cr.'" _Of'. -'..,.~il:::Iyi"ldc lta.-:o:e.- ~:.r;t'r"; I' .....- .. .~ ..w' z.t'KNrIoIT r:fY:l'MI'N" state of New Je.r&ej - ----:-=- cnmt:y of --.- en this . .... day of October, 1993, before .,. tDa Illn."~5~, a rdcari. in and fer &aid &tate, persc::tally '"Ff"""red Ric:hatd 0_ Ha.la, to me y 'lftr,beizxJ by DlIl daiy swam, did-.sy-that he hM acIcncJw].')ill tha ~of'--; Term Note to be the voluntary act am deed o~ said individual, him voluntaril 1!lIB:Uta:l. Notary FUblic - 3 -.-- - ~-_.. . - 1'U(1\:iI!GE '!HIS H:Rrol\GE is mde an:! entered into m this r day of oct:cber, 1993, by am betwen I1lRRY V. WIILIAMS AND CARJL D. WIILIAMS, Pennsylvania residents, of 1083 OI!Ikville Rald, Newville, PA 17241, (hereinafter ~ sin:;Ju1ar or plural called the "Ib.~........"); . AND RIaIARD M. HAIE, a New Jersey resident, havin;J his prin::ipal place of b.1siness at 136 Bi11ian SL......t, Brl"JB\/ater, New Jersey, (hereinafter called the ''Hortgageen). Wl'1NESSEIH: WHEm:AS, M::lrt:.gagar has executed an:! delivered to Mortgagee a loan AjLe.e..eIlt, Telm Note, an:! Rsvolvin;J Term Note (hereinafter collectively referred to as the "Loan ooo~") of even date hel:'adth, p1yable to the order of HorI:gagee, in the ~"'Y"te priooil'i!ll SUIII of Cl'le Hwr:h...d 'IWnty 'l.boosand and No/l00ths ($120,000.00) Dollars, lawful JII:I'ISy of the UUted states of l\IIlerica, together with interest thereof as set forth therein, payable in the manner am at the times therein set forth in said Loan OOO-a, am oc:ntainirg certain other terms and cxn:litia'lS, all of Mlich are spedfically ir...............csted herein by refereuoe; ~, 'Dm<Bf1..&m, Mortgagor, in OCIlSideratim of said debt and prin::ipal SUIII under the Loan \)ot"I-a am as security for the payment of same and interest as aforesaid, together with all other SIlIIIS payable herelJnjer or under the terms of the Loan [)nr"I-a, any note or notes, writizxJ or writin:ls, ,.~.1uL..csct or oCuL..cscts, I'lCIIo/ or hereafter mde, e1.:lu....ed, assigned, delivered or guaranteed by the H..o..I .P........ herein, am I'lCIIo/ due am to ~ due, or for arry note or notes, writizxJ or writin;Js, .....1L..csCt or CXI1tracts given in exdlaI'ge, sul:stitutim, extensim or renewal thereof, and I'lCIIo/ or hereafter d.iscx:lunted, pu:chased, accepted, taken or used by the Mcrtgaqee for the H..o..I """........ herein, does grant and a::nvey unto the Mortgagee, his heirs, administrators, exec:utors, S'~"""""S ani assigns; AIL 'lHAT ~ pieces or parcels of land situate in the 'l\::lwnship of North Newta1, cnmt:y of n1lllhArland and (\.....r...-~lth of Pennsylvania, (hereinafter called the "Pl.~tyn) kncMl and designated as 1083 Clakville Road, Newville, PA 17241, title to Mlich was acquired by Mortgagor by Deed dated JanJaIy 26, 19B9, ard Li'u....ded in the Office of the ~der of Deeds in ani for the Clcu1ty of 01lllhArland in Deed Book "U", VolU1118 33, Page 120, as the ~,+"",-ty is therein described, Wicb said descriptim is hereby ~l'UL4ted herein ~ refexellCle hereto am mde a part hereof; 'roGElHm with the b1ildinJa an:! i1IpraYements erected or hereafter erected therecI'I, the ~ thereunto belaw:l'in;J and the reversia'lS, remainders, rents, i"''''- am profits, thereof, all of the foregoin;J bein;J hereinafter called ''!t:lrtgaged pPnIi -~" ; 'lO HAVE AND 'lO IDI.D the same unto Mortgagee, his heirs, administrators, exec:utors, 5'... -........ ani assigns, forever, in the outstan:l.ing debts to the Mortgagee frail tim to tim p.zrsuant to the Loan OOO-Ilts; PRMDED, RJft.VER, that if Mortgagor shall pay to Mortgagee the aforesaid debt am priooil"" 1 SUIII, in::ll.llii1Jj all other SIlIIIS payable ~ K....1.pJUl to Mcrtgaqee hereurder .' llc'(j f....- bOO', L.u.,I.-I:'~ ~l./~. 'J - ~ : . . ~. i;.'; , . ,.. ani under the term of the Ioan TW-o""'"'1ts, together with interEt tt......alt\, am shall k8ep an::l perform each of the oavenants, cxniit1ms ani "":JL.........lts hereinafter set forth, then this Mc:Irtgage am the estate ~ granted an:I CXlI'1'J8y8d shall lAC> I." void, in 1Ibid1 case MartgaI;ree shall execute, I.Ipa1 request k!i !tJrtgagor, Sl.ICh releases or other ~-rt:s as may be MOeellary to evideooe that this M:lrtgage am estate has J"ecx.." void; 'lHIS M:RrGl\GE is exeoJted am delivere1 subject to the follc:r.dn;J oavenants, OCIldit1ms am ~ e.:..u.:.lts: (1) FraIl time to time until said debt am interEt are fully paid, K..u.1~"YI. shall: (a) pay am discharge, when an::l as the same shall ,~. ...... due an::l payable, all taxes, ~a-t""........,m, sewer an::l water rents, an:I all other dlarges am claiDs "a--aed or levied !ran time to time k!i arrt lawful authority I.Ipa1 any part of the Hartgaged Pr-i-s an:! Mlich shall or might have priority in lien or payment to the debts secured ~; (b) pay all c;roond rents reserved !ran the Hart:gaqed Pr-i -es am pay am discharge all 1DllChanic:s' liens Mlich may be filed against said pr-i -es and Mlich shall or might have priority in lien or payment to the debt secured ller'ek!i; (c) provide, renew am keep alive k!i payizxJ the r--asry premiums an:I dlarges therecn Sl.ICh policies of hazard am liability insurance as !tJrtgagee may !ran time to time rea5alably require I.Ipa1 the h,i lrlhl;JS am iDproveme!nt:s new or hereafter erected I.Ipa1 the Hartgaged Pr-i -es, with loss payable clauses in favor or M:xrtgagar and Mortgagee (and the holders of arrt other ........I':JCI\JE!S against the Hartgaged Pr-i-es) as their respe.ctive interEt may "'ft'""'1'"; am (d) ~UIfilJ.y subnit to!tJrtgagee evideooe of the due ard pmc:bJal payment of all of the faregoin;J dlarges. (2) Mortgagor shall maintain alll:;ni1rliTJ;jS am inprovements subject to this M:lrtgage in good and substantial repair. !tJrtgagee shall have the right to enter I.Ipa1 the Hart:gaqed Pr-i-s at arrt reasc:nable ha.Ir for the purpose of inspectiJ'g the order, cxniit1cn am repair of the '''ui ldin;!S am inprovement:s erected therec:n. Mortgagor shall be permitted to make alterat1ms am i.Dprowment:s to the Hart:gaqed Pr-i-es at arrt time without the ocnsent of the K..u.1 'jaI'Jee, so lcn;J as sud'\ alteraticns or inprovements do not canstitute waste of the Hart:gaqed Pr-i-'Cl'". (3) In the event K..u.l.p"w. neglects or refuses to pay the charges menticned at (1) above, or fails to maintain the buildin;Js am i:q:IroveDents as at..... -id, Mortgagee may do so, at the ocst thereof to the principal debt secured ~, am CXlllect the same as a part of said principal debt. (4) If all or arrt part of the Mart.gaged Pr-i-'!S, or arrt legal or equitable interest therein, is sold, transferred, assigned or 0CI'IIIe}'8d k!i the !tJrtgagor without the prior written ""'A. It of Mortgagee, Mortgagee, at Sl.ICh K..u.1'.JllIJ88'S qJticn, may """"1,,1'"8 all SUIlIS due under the Loan ()or'o ""'"'1ts am secured k!i this Mortgage to be itmw'!i"te1y due am payable. (5) In case default be made in the payment of arrt installment of principal or interest pm;uant to the term of the Ioan [)o(-,-tts, or in the performance k!i K..u.1 ~ of any of the obligat1ms in any of the Loan [)o(-, ""'"'1ts or this K..u. t.p".::, the K..u.1'1"'J88 shall be entitled to all those J:C:1Ill9dies of default as ootlined in the Ioan ~-tts am they are ~ UiOUl..........tsd herein k!i reft:a........... 2 buodlWJ tAGE ~Ji8 'lbe CXJYeI'lal1ts, ccn:l.i titllS am CI\fL .....oe.lts ccnt:ained in this MJrt.gacJe shall bim, am the benefits thereof shall imre to, the z:espective parties hereto and their xespective heirs, exscutars, lIdministrators, 8'lOOO"~'JI"B and assigns. IN wrnm;s tllEmDF, IARIrl V. WILLIAMS AND CARJL D. WILLIAMS have caused this K.....t.Jage to be exec::uted a1 the day am year at..... !!lid. . . ~ ?lV,' /~ CARJL D. tf)jJ~ c co <"> c:: -:- ;rr t:; rr; :'1 "1 C") C-J :;, (.") ~ , r- :::J ' . ~ 0:' -. rTJ - I 0;0:_ :n ("') 0 ,', ~ 0"'.. c:: 0 r I %' ,." t::) -t fT1 ,- U'l -< - I' I U; ,..:J U'l " > .. CO Co.) Q n -. .... N 3 ~o-od lWJ .~tE !ji'3 CXIIDM&\IllH OF PENNSYLVANIA cx:umr OF D1IlJFHIN . . : ss: . . en this, the ~ day of oc::tdler, 1993, before me, the UR:Iersigned officer, perscI'lally llW""''"eli Larry v. william am Carol D. William, satisfactorily proven to be the persalS 1b:lse names are a1'hD<:Tibed to the within instrument and acJao.tledged that they executed the same for the pn:p:st!S therein cxxrt:.ained. IN wrnm;s ~F, I hereunto set Jftj bmi am official seal. (S&\L) \.ZKl".ll'".1.CA!lE c:w N'tI:'oill~~ I be:l.abz certify that the ..:kh. Bri"J~ rater, K1 08807. of the K..L1'1&J88 is: 136 Billian St...eEtt, twl'E: Oc. +0 6 ~,. g' R~,u F.~~ ,19li .If_ -'.,'~:V:!'::~~~\:---L .:!'.~'~-;':-~jf'-:::'~..~"""" ';."'-* :.-r ~~.. !r~~~ :....,~'~ .~... i.,,; -f "",,-, .~~~~~",.", :;'1f~~lllMf. .~~""". .... . ~~ ~~I :", ~.... .; ',. ~iii,I..,-S ~~"., j 'n ~'1 "~~.~i... 4~'Ilo;,...",'r . ~i.:J'.;"""'~,~""" -'~\;~;':"'" . ,I:.~..."III" :(..,,-.. ,. . r . .. r>'~n~lv!lnla } v."~~'~1:~"'~" ;(I.<-~,!!". . .... SS: t ~.,...... F . ~_"J~~~. ...'.. ,.' """'''''rlrnd ..., ~.' ,....,... ".~- ".:>i . ..... h'~~~~' , :Y e>ff'l'f' frJr the ~~t1;-- ~'I~'~~<;:;MJ '9 4" .~,~~~; '" ~ 3 . .' " .- - - .- - . - RfMllNING ~ NC1l'F; -- - - _. _$:.O.DI)O.OO -- -- -- Harrisb.u:g, pP~lvani.a .- -..- -- -" ---- -- - -~- .. Dau.: or,rn'-' fl. 1993 -. - - ~ VAtDE" !W,.;t.L1TEI),--ehe-undersigl'lf3l1 ~-.........dl... ""-'P!IY 1:0 =u UL.1t.L of :-_ - _ R1c:harc:l.-H_Hala. ("Hale") the pr1n::\.pa.l Sl.IDl of .F.ifty ~ Dol..L:lra ($50,000.00) or, if less, the "':f':fLD:fCIte lJI'1)aid principal balance of all advances (each herein called an "Mvanoe" am collectively called the "Advanall!"J together with ~ tt..:........ as ._._ _. .Iiereinafter providB:1, made l1i llll.1e to Barrcwers umer a revolvizxJ loan (the "Line of credit") establishEa ~ Hale for the benefit of Borrowers as reflected in a Loan __ _. ~eeroent betweeit"""Hil1.e.-W BorraIeT.~ Qat-ad as of 0C't"""r 8, 1993 ("N> '~ 1&;11). . --- Pavments of Princioal ard Interest. Except as othe1vise provided in the Ar.p........ent, the Ilfllllid principal balance of each Advance shall be payable at or before the date on Mlich CX:IlpOnent 9.1i.l~ cy-+- . -Inc.. ("CBS"), collec:ta the ptocee?'" of each contract aa Wich an Mvanoe was made IX' Apdl 8, 1994, Wic:hever is earlier. 'll1e llI'lpaid principal .- . balan..... of each 1Idvan::e shall- be8r-i..L.........Jt fraIt-en:l irl::lu:lin; the"1!M:e of the Advm..... Wltil its Ilaturity date at the rate of twelve percent (12\) per anrUIIII. Interest on _ IIdvancEla-&haU be ~ aa <:Iv-+. aturity date cr lID1thly (as per the ~_Il), ---:::._ Wic:hever ocx::urs sooner'.- All ~ obligatiCllS umer this Nate shall ..... ..,. due ard-payable on April 8, 1994. Pavments. Payments of both principal ani interest herein, whether at sc:hedu1ed Ilaturlty ar ~ ~'arationr- ~'IOI~tial or nt~;e.a. c:h211 .bit due and .pav::a,",'A nn .tha...tbt-A 'V"'"ifled for sudl payment at Hale~s~idence. ,~ at 5Uc:h other placllis as tll!...holder hereof shall designata to BorraolerS in writinq, in lawfullllCl'l8Y of tlw lhitad statM of Amerlca ~ in i1mIediately available funds. --- - - If aITj payment of principal or of interest aa this Revolvin:J Loan Note shall bE. ' ..,.. due on a day other thAll- a day on Wich banks are c:pen for l:iusu- in HarrillbJrq, P~:m"ilvania, wdCpaymene sbal.l be 1lI!lde aa the I1IIICt so., ...4Ail'l3 bJsinesa day and 8UCh a-tensiaa of tillle shall in such case be included in CClIIpJtizxJ interest in \......u-..'"tion with sucti payment.~_ AT't-"...,..",.' F---.' In the tlwnt of aTrf collectiaa activity with lespect to this Note, - BOILO_!u,4ft addit!tll-'to aU other -.s ~ ay be ~ to pay hIIr8und8r,- will pay a ~le SID fIX' l!ttcpleys' fees-an:l/cr collec:ti.a'I ......... _!I incurre:1 by the holder hIK'<r~ in connectiaa with ~ Pcti"ityr.ccurt lXlIilta ard all ot.h8r CC5ta of ~i'~. _n__~_-- ---_ 1tisoellanl!Cl1S. At:a.:.IL- manifest ~ 1........... dt. of Hale llhall be -an:l\.al...., -.. lcrq- n .as Hale is the holder hereof, with l~ to the date ard prl1rip'" aIlD.Il1t o.f each ~ the Ilaturity date thereof, the aa!J,!cable interest rata and interest acc::rued thereon, and date aryj amount of ead! payment of principal and interest IMde ~ Borr'o.'ers with Iespect W ead! Advance. - nus Ravolvi.ng Loan Note is the Revolv~ Loan Note referred to in am is entitled to the benefits of the qeement.which, ~ other thin:js, provides fIX' the acceleration --LJf the maturity date of Mvanoes \;gl the I'YY"II, ......~ o.f certain events. --., - - - ---. '!his Revolvirg Loan Note shall be governed "' ard const.rued in acx:ordanoe with the...J.aws_ --or- t2'1e ~uw~ of I\:.uu.,'.rlv~JllQ, ~ IL.L.L~II;, t.beir ~:...:z.~~7ITrl """;9"'&, ovrl p:.ll ~.to tb8 bilnefit of Hala~ h.U; ~M_.AIXl a&&i'3'>>lw Pit ~ lY't- -be !1"igned l'1 Bu....___. unl Mal,..'. p'!::10f"-Wl."1~ __ 81 t i.. IIUtaiJ!l!!d~ _.. .. .. _... . - Borrow'erS hereby waive pi:: es e,.t...ucilt, denwx1, notice, protest an::l all other dEman:ls an::l . ~ in CXII'lrlIIlCtial with t.ha dAl lumy. ~;perfCll""""1'V"a. OAf"'" 1;'- or wc..u.(,...non;.- of this Pranissory ~- . -. - - --- - ----- ,----- -- Calt';;:,.plon of ."Tl~~I""lt Clause. BorrcM!rs hereby aut:'l'iOiue and ~,. alTj attorney or . ~ the Prothcn:Jtary or Clerlt of alTj D:A1rt of l..........d within the united SUItIes cr .1-to<.t......., to "'~,. far Hale antS Ca1fliss)i'?\r-,;L, withcut ~t;. ~1::hem in fa= of..;.;=.;; Hale, his &I'Q""""'''or(s) or assign(s), as of arTf terIIi; for arTf~1:ben due umer t:h.u: 1tijl ~ RlYI inteteIIt at t.ha rate of twit}). P'" __..c (lJ') il8l'-- f~"" the Mte of their obligations, ~ attorneysr-r_ of twenty ~(2M) t........,{ Tar oollec:t1C1'l;-- - with cost of suit aryj release of all errors. No sirgle exercise of the faregoirg warrant am pa.oer to confess ju:Jgrnent shall be deElllled to emaust the pa.oer, wtIether or--- not a:rry such exercise &hall be held ~ arTf Ooort to be invalid, voidable, or void, Wt the power shall oonti.nLle undiminished an::l may be exarci.Md frail time to time as often as Hale shall d""-t, w.Lll all "llUIft!ll-"'ldbl~ or -that 1ll!l:Y b.-...II" t"'z1llble by &.......__.> Nho!> been paid in full. ---.-- - . ..--- - - . ----- -=......,-.. ---- -. ..- - ~: ~~~f!11((/{;1?'7.~~~ ~..m.:!~;~ _ ;". I' ~: . ( _:,).<~~ /;/ /(7 ~?::/1~;,,"~ carol: D.~... - - - - '-' !" - n "'t" . _.L adl11in; Sy5t:.dI8-- ~$.,_~,th-:)fl::-~/.p~ - ~. v ~ B1-. -~ Ric::hani M; tfa1e ~ .".. Z:.. 2 --, --- -- ..-.n.rwr JlIr.tMENl' . - - - - .. state of Pann&y]~n;a o..,.,....lLt U.L lJICI~ -- - - . - . . _. ---- --'-'.-. 4'_ _ - - - _.- Q1 this ;;;,::, ~v of October, 1993, before me,- the urxiersigi,ed, a notary public - in aI'll1.far aid FAh.. ~~ny "W-area tai::ry V. Wi1llAm:;....tQ.iiBpersa-lallll'1aJ:lwn, -:::... ~, bein:J I:7j me dIlly"WmTl, did say"that he is -the President of a..,t"-'leI'lt Buildi.n} _ _ systAna, ~ that this Re\lclvin; Note vas signed at tehal!..Dt said OCll.......A'tial by. _ authority of its Board of Directars, aryj that as such officers, he has ac:kncwl-?'l the - ==-}!XeCUtien o~said Revolvin:J lOan Note to.Jle the voluntary aCt -am deed' of said t1 k'i..... ....- 1 I 11 -....... - - -- corpora en, ~z t......byl.-VOWI.~.._y.................... .__~__=- .-_. --. /7- f.-yr.':;I- . --'. ..- ~ I rnE:r~~~" {..,4 .';"'~'~~t~.. :...- .~- ~ Public -~ -..., IIt"W1n1r ~n' '.. {McIA~~'._ '.'__I"'\~' u..-....",., 1"-. -'--'il.. r1""'_'~_ .......... - 1,....... - ~c..n.,,..;...e-~ ~.....~- ;. - stateoY~lvania - camty of Daupun _ - ,-I-h ._-_. - Q1 this 6 day of october, 1993, before me, the urdersigned, a notary public in and for said state, persalI1lly 8W"""red Larry V. Williams and carol D. 101; 11 ; """'" to .~ per1lCIrllllly Icncwn, 104lo, l.:lei.n;-1:7i JIlliI ,.t"ly 5WCrn.. did ""'y +-....t- +-hooy have ada1cw)-vw" _.the exec:ut1cn of said~ lOan Note ~_l:le the .vol~_ a~ ~ ~_ of said - -Wivic:lJals, I:7j ~ voluntarily executed. - ~-" - - /T- - _...., --" . { ~'-<..~ l ~.~ p. 0 :;'I!. ,.,.-.: .f-:776_ Publ1c:! . J4...~_.- ea:c:... :!."-,,._.... ,,,,,"'-* "", ._''"~~ :~- '~.r-- .~_-:..v_ ::..;..:=-:..-....,-:"': ~t'9t_ ~~ - -state of New J~ _ -\:N1ty of . -- - - _. - -al.tiUa day of 0c:tcIber,_1993, -befare _. Mvt '....w..siJ'rnaorl a ~ in am for said state, persalally "'It"""red Richatd D. Hale, to me persalally !mown, wftl, tlIe:1:rq by _ ~y swam, did say U...L he hIIB a.......owl~ the t!)CBQlticn ~ said Revol vizxJ loan Note to be the voluntary act and -aeea - of said inal vidual, by... ~__ voluntarily 8X8Q1ted. ..- Notaty l'Ublic -- -..- ~ ~ - - 3 --~. - .--..-.. REVOLVING LOAN NOTE $100,000.00 Harriaburg, Penn.ylvania - -.---- Dat.1 May 4, 1994 roll VALUI RECEIVED, the und.raigned Borrowera pr_ia. to pay to the ord.r of Richard M, Hal. ("Hal.") the principal aum of On. Hundr.d Thouaand Dollara ($100,000,00) or, if l.aa, the aggr.gat. unpaid principal ba1anc. of all advancea (each her.in called an "Advanc." and col1.ctivaly call.d tha "Advanc.a") togath.r with int.r.at ther.on aa her.inafter provid.d, made by Hale to Borrow.ra und.r a revolving loan (the "Lin. of Credit") eatablieh.d by Hal. for the benefit of Borrowere aa r.fl.ct.d in e Loan Modification Agre.ment between Hal. and Borrowera dated ae of May 4, 1994 (the "Agreement"), pavmenta of Princioal and Intereat. Except aa otherwiae provided in the Agreement, the unpaid principal balance of .ach Advance ahall be payable at or b.for. the date on which Component Building Syatema, Inc. ("CSS"), collecta the proc.ede of .ach contract on which an Advanc. waa mad. or November 1, 1994, which.v.r ia .arli.r. The unpaid principal balanc. of .ach Advanc. ahall b.ar int.reat from and including the date of the Advanc. until ita maturity date at the rate of twelve perc.nt (12') per annum. Inter.at on Advanc.. ahall b. payable on euch maturity date or monthly (aa par the Agr....nt), whichever occura aoon.r. All outatanding ob1igationa under thia Not. ahall become due and payable on November 1, 1994. - -.. - If any payment of princJlpal or of intereat on thia Revolving Loan Not. .ha1l become due on a day oth.r than a day on which bank. ar. open- for bu. in... in Harriaburq,-' p.nnaylvania, .uch paym.nt ahall be mad. on the n.xt aucc..ding buain..a day and auch .xt.naion of time .hal1 in auch caa. be includ.d in c_puting int.r..t in conn.ction with .uch payment. _. - - Attorn.va' Fee.. In the .vent of any coll.ction activity with reapect to thi. Not., Borrow.r., in addition to all oth.r aum. which they may be r.quir.d to pay h.r.und.r, will pay a r.a.onabl. .um for attorn.ya' f..a and/or coll.ction .xpen... incurr.d by the holder h.r.of in conn.ction with .uch activity, court eoet. and all other co.t. of eoll.ction. - - Miacellan.oua. Aba.nt manife.t error, the r.corda of Hal. ahall b. conclu.iv., ao long aa Hal. ia the hold.r h.r.of, with r..pect to the date and principal amount of each Advanc., the maturity date th.r.of, the applicabl. intereat rate and int.reat accru.d thereon, and date and amount of each payment of principal and intereat made by Borrower. with reapect to .ach Advanc.. Thia R.volving Loan Not. ia the Revolving Loan Note ref.rr.d to in and ie entitled to the b.nefita of the Agr..ment which, among other thing., providea for the acceleration of the maturity date of Advance. upon the occurr.nc. of c.rtain .v.nte. Thi. Revolving Lo.n Note .hall be governed by and con.trued in accordance with the law. of the Commonwealth of penn.ylvania, and .hall bind Borrower., their .ucce..or. and a..ign., and .hall inure to the benefit of Hale, hi. .ucce..or. and a..ign., but may not be a..igned by Borrower. unlea. Hale'. prior written con.ent i. obtained. Borrower. hereby waive-Pr..entment, demand, notice, prote.t and all other demand. and notice. in connection with the delivery, acceptance, performance, default or enforcement of this premi..ory NoteT--' .. Confea.ion of Judament Clauae. Borrower. hereby authori&e and empower any attorney or the Prothonotary or Clerk of any Court of record within the United State. or el.ewhere, to appear for Hale and conf... judgment, without default, again.t them in favor of Hale, hi. .ucce..or(.) or a..ign(.), a. of any term, for any amount then due under thi. Agreement, RlYA intere.t at the rate of twelve percent (12\) per annum from the date of their obligation., ~ attorneya' fee. of twenty percent (20\) thereof for collection, with coat of auit and rde..e of all errore. No aingle exerche of the foregoing warrant and power to confe.. judgment .hall be deemed to exhau.t the power, wh.ther or not any .uch exerci.e .hall be held by any Court to be invalid, voidable, or void, but the power ahall continue undimini.hed and may be exerci.ed from time to time a. often a. Hale .ha11 elect, until all .uma payable or that may become payable by Borrower. have been paid in full. '- Richard M. Hale 2 ", - - , ocnr~\.1 " ZI~GL:H " ..._1' .. RECORDEr, OF "EEDS C UJ.HlEF.U.N:l COUtHY - p THIS MORTGAGE 18 made and entered into on thill 4th day of Ma'18~fla~. ~)y rrm 1201 between LARRY V. WILLIl\HS AND CAROL D. WILLIl\HS, penn.ylvania re.ident., of 1083 O.kville Road, Newville, PA 17241, (hereinafter whether .ingular or plural called the "Mortgagor") I MORTGAGE - -- - AND RICHARD M. HALE, a New Jer.ey re.ident, having hi. principal place of bu.ine.. at 136 Bil1ian Street, Bridgewater, New Jer.ey, (hereinafter called the "Mortg.g.."). WITNESSETH I WHEREAS, Mortgagor haa executed and delivered to Mortgagee a Loan Modification Agreement and Revolving Loan Note (hereinafter referred to a. "Loan Document.") of even date herewith, under which the Mortgagor agree. to act a. .urety for obligation. payable . to the order of Mortgagee, in the aggregate principal .um of One Hundred Thou.and ($100,000.00) Dollan, lawful money of the United State. of America, together with intereat thereof a. .et forth therein, payable in the manner and at the time. therein .et forth, and containing ~tain other terme. and condition., ell of which are - .pecifically incorporated herein by reference, NOW, THEREFORE, Mortgagor, in conaideration of aaid forbearance under the Surety Agreement and a. .ecurity for the payment ot .ame and intere.t a. atore.aid, tOCjlether wit~ al1-41tbar .wu payable hereunder or ~ the terma ot the Surety l\9r_nt, any note or note., writin; or writing., contract or contract., now or hereafter made, endor.ed, a..igned, delivered or guaranteed by the Mortgagor JUlrein, and now due and to become due, or for any note or note., writing or writing., contract or contract. given in exchange, .ub.titution, e.ten.ion or renewal thereof, and now or hereafter di.counted, purcha.ed, accepted, taken or u.ed by the Jlortgagee for the Mortgagor herein, doe. gr.nt and convey unto the Mortgagee, their heir., adllliniatraton, e.ecutor., .ucce..o~. And a..ign., --- ---- ALL THAT CERTAIN piece. or parcel. of land .ituate in the Town.hip ot North Newton, County of CUmberland and commonwe.lth of Penn.ylvania, (hereinatter called the .Property") known and d..ignated a. 1083 oakville Road, Newville, PA 17241, title to which was acquired by Mortgagor by De.d dated January 26, 1989, and r.cord.d in the Offic. of the R.corder ot Deed. in and for the County of CUmberland in Deed Book .U., Volume 33, Page 120, a. the Property i. therein de.cribed, which .aid de.cription i. her.by incorporat.d her.in by ref.r.nc. hereto and made a part herllDll.. _. - - TOGETHER with the building. and improvement. erected or h.r.atter .rected thereon, the appurtenance. thereunto belonging and the rever. ion., remainder., rent., i..ue. and profit., thereof, all of the foregoing being her.inafter called "Mortgaged Pr_i....' - - . TO HAVE AND TO HOLD the ...... unto Mortgagee, hi. heir., admini.trator., e.ecutor., .ucce..or. and a..ign., forever, in the out.tanding debt. to the Mortgagee from time to time pur.uant to the Surety Agreement, PROVIDED, HOWEVER, that if Mortgagor .hall pay to Mortgag.. the afore.aid debt and principal .Ulll, including all other .um. payable by Mortgagor to Mortgag.. her.under EXHIR'T 11 . " and under the term. of the Surety Agreem.nt, tog.ther with int.re.t th.r.on, and .hall k..p and p.rform .ach of the cov.nant., condition. and agre.m.nt. h.reinaft.r ..t forth, th.n this Mortgag. and the ..tat. her.by grant.d and convey.d .hall become void, in which ca.. Mortgag.e .hall .xecut., upon reque.t by Mortg.gor, .uch rel.a.e. or other document. a. may b. n.c...ary to .vid.nc. that this Mortg.g. and ..t.t. has become void, THIS MORTGACI i. .x.cut.d .nd deliv.r.d .ubject to the following covenant., condition. .nd .gr....nt.1 .... (I) From time to time until .aid debt and int.r..t .r. fully paid, Mortg.gor .ha11a (.) pay and di.charg., wh.n .nd a. the .am. .hall b.come due .nd payable, all tax.., a.....m.nt., ..wer .nd wat.r r.nt., and all oth.r ch.rg.. .nd c1.im. .......d or 1.vi.d from time to time by .ny 1.wful .uthority upon .ny part of the Mortg.g.d pr.miae. and which .h.ll or might have priority in lien or p.yment to the d.bt. .ecured hereby I (b) pay .11 ground r.nt. r..erv.d from the Mortgag.d Premi.e. .nd pay .nd di.ch.rg. .11 mech.nic.' lien. which may be fil.d again.t .ai~premi.e. and which .h.ll or might have priority in lien or payment to the debt secured h.r.bYI (c) provide, ren.w and keep .liv. by paying the nec...ary premium. .nd ch.rge. thereon .uch po1ici.. of ha&.rd .nd li.bility in.urance a. Mortgage. m.y from time to time rea.onably require upon the building. .nd improvement. now or h.reafter erected upon the Mortgag.d Premi.e., with 10.. p.y.b1. clau.e. in favor or Mortg.gor .nd Mortgag.e (.nd the hold.r. of .ny oth.r mortg.ge. .gain.t the Mortg.g.d premi...) a. their r..pectiv. int.r..t may appe.rl .nd (d) promptly .ubmit to Mortgag.. .vid.nc. of the due .nd punctual payment of .11 of the for.going ch.rge.. (2) Mortgagor .h.ll maint.in .11 building. and improvement. .ubj.ct to this Mortg.g. in good .nd .ub.t.nti.l r.pair. Mortg.g.. .h.ll h.v. th.~lght to ent.r upon the Mortg.g.d PrBlllie.. .t .ny r...onabl. hour for th...purpo.. of in.pecting the ord.r,-. condition .nd r.p.ir of the building. and improvement. .rect.d th.r.on, Mortgagor .hall be permitt.d to m.k. alt.ration. .nd improvement. to the Mortg.ged Premi... .t .ny time without the con..nt of the Mortg.g.., .0 long a. .uch .It.r.tion.~r improvement. do not con.titut. w..t. of the Mortg.ged Premi.... ---. (3) In the .v.nt Mortg.gor n.gl.ct. or r.fu... to pay ~ ch.rg.. ment10ned at (1) .bov., or faU. to m.intain the buUding. .nd improvement. .. afor...id, Mortg.g.. may do .0, at the co.t th.reof to the princip.l d.bt .a;ured h.r.by, .nd co11.ct the .ame .. . p.rt of ..id principal d.bt. (4) If .11 or .ny p.rt of the Mortg.g.d pr.mi.e., or .ny 1.g.1 or .quit.bl. int.r..t th.r.in, i. .old, tr.n.f.rr.d, ...ign.d or conv.y.d by the Mortg.gor without the prior writt.n con..nt of Mortg.g.., Mortg.g.., .t .uch Mortg.g..'. option, may d.cl.r. .11 .um. due und.r the Sur.ty Agr.ement .nd ..cured by th18 Mortg.ge to De_ immedi.t.ly due .nd p.y.bl.. (5) In ca.e default be made in the payment of .ny in.tallment of princip.l or int.r..t pur.uant to the t.rm. of the Sur.ty Agr.ement .x.cut.d by the Mortg.gor and Mortg.g.. of .v.n date herewith, or in the perform.nc. by Mortgagor of .ny of the obligation. of the Sur.ty Agreement or this Mortgag., the Mortg.gee .hall be entitled to all tho.. rem.die. a. outlined in the Surety Agr.ement and th.y .re her.by incorpor.t.d h.rein by referenc.. 2 . . LOU MODIFICATION AORZEMENT Thi. Loan Modification Agreement i. made and entered into thi. ~ day of May, 1994 by and between Richard M. Hale, an individual ("Lender"), Ronald F. Matzner, an individual ("Matzner"), and Component Building Sy.tem., Inc. ("CBS"), a penn.ylvania corporation located in Newville, Penn.ylvania, and Larry V. William. and Carol D. William. ("Wi11iam.-) of 1083 Oakvi11. Road, Newville, Penn.y1vania, (CBS and William. are cOll.ctively referred to a. the "BOrrow.r."). WHEREAS, the partie. entered into a LOAN AGRZEMENT dated October 8, 1993 which governed the right. and obligation. of the partie. with re.pect to variou. obligation. owing by CBS and William. to Lender, WHEREAS, CBS and William. have been unable to fully perform the payment obligation. and covenant. memorialized in that LOAN AGREEMENT I WHEREAS, CBS and William. have reque.ted Lender, extend additional credit to CBS, WHEREAS, Lender, with Ronald F. Matzner and Borrower. entered into a FORBEARANCE AGREEMEN'r and FORBEARANCE SURETY AGUEMlN'r dated October 8, 1993 with re.pect to an obligation of April 30, 1990 of Two Hundred Forty-eight Thou.and ($24B,000.00) Dollar. owed Lender and Matzner through October, 1992, und.r which FORBEARANCI AGREEMEN'r and FORBEARANCE SURETY AGREEMENT Borrowen are in default, and WHEREAS, CBS and William. have reque.ted Lender and Matzner forbear from enforcing .. the -payment obliqation. and covenanU undertaken by CBS and Willi_ in the LOAN _ AOP.....NT, FORBEARAMCI AGUIKIN'r AIfI) PORB&AJIAHCI 1UU'1'J AGUIKIIlT,. NOW, THEREFORE, Lender, Matzner, CBS and the William., in con.id.ration of the pr_iae. and the IllUtua1 covenanU contained in thia LOAN MODIFICATION AGREBMEN'r (hereinafter -Modification Agreement"), and intending to be 1.gal1y bound h.r.by, agr.e ',. fe110lnl ---. .... -- - - -.. .-.. - Articl. I Loan.. Aareementa and Accommodation. ~ 1";"1 Thi. Modification Agre_nt lllOd1fi.. and amend. the LOAN AGRZIKIIlT, FORBEARANCE AGREEMENT and FORBEARANCE SURETY AGREEMENT dated Octob.r 3, 1993. Term. u.ed her. in .hall have the meaning a.cribed in the LOAN AGREEMENT, exc.pt a. expre..ly .tated herein. - ~ -..- -.---- -_. 1.2 On the obliqation owed by Borrowan to Lender and Matzner from April 30, 1990, referred to in the FORBEARANCE AGREEMENT and FORBEARANCE SURETY AGREEMENT aa Two Hundred Forty-eight ($248,000.00) dollar., the balance due a. of May 8, 1994 i. Two Hundred Ninety-two Thoueand, Six Hundred Forty ($292,640.00) dollan, includinq additional intere.t of Forty-four Thou.and, Six Hundred Forty ($44,640.001 dollar.. 1.3 On the obligation owed by William. to Lender from December 28, 1992 referred to in the LOAN AGREEMENT.. One Hundred Fifty Thouaand ($150,000.00) dollan, the balanc. due a. of May B, 1994 i. One Hundred Seventy-four Thou.and, Seven Hundred Fifty ($174,750.00) dollar., including intere.t of Twenty-four Thou.and, Seven Hundred Fifty ($24,750.00) dollar.. EXlinBIT 1'6 . e . . . . 1.4 On the obligation owed by Williama to Lender from April 23, 1993 referred to in the LOAN AGREEMENT a. One Hundred Six Thou.and ($106,000.00) dollar., the balance due aa of May 8, 1994 i. One Hundred Nineteen Thou.and, Two Hundred Fifty ($119,250.00) dollar., including intereat of Thirteen Thou.and, Two Hundred Fifty ($13,250.00) dollare. 1.5 On the obligation owed by Wil1iama to Lender from September 17, 1993 referred to in the Loan Agreement a. One Hundred Thou.and ($100,000.00) dollar., the balance due a. of Hay 8, 1994 ie One Hundred Seven Thou.and, Five Hundred ($107,500,00) dollar., including intere.t of Seven Thou.and, Five Hundred ($7,500.00) dollar.. 1.6 On the obligation owed by William. and CBS to Lender from October 8, 1993 referred to in the LOAN AGREEMENT a. One Hundred Tw.nty Thou.and ($120,000.00) dollar., the balance due ae ot May 8, 1994 i. One Hundred Twenty-eight, Four Hundred ($128,400.00) dollar., including intereet of Eight Thou.and, Four Hundred ($B,400.00) dollar. . 1.7 A. of H.y 8, 1994 the total amount owed by CBS and William. to Lender i. Eight Hundred Twenty-two Thou.and Forty ($822,040.00) dollare. loB CBS and William. acknowledge that they are in default of their payment obligation. under the variou. agre_nt. eupporting the.e Obligation., including payment detau1ts and reporting detau1t.. 1.9 The partiee agree that the Revolving Loan referred to in the LOAN AGREEMENT, in the amount ot Fitty Thou.and ($50,000.00) dollar. wa. loaned on or about OCtober 8, 1993 and wae u.ed by CBS and William. for the purpo.e of paying tinancia1 obligatione ot CBS, rather than tor the purpo.e ot tunding eligible contracte ot CBS. 1.10 The partie. agree to treat that Fifty Thou..nd ($50,000.00) dollar. Revolving Loan a. an additional Term Loan, making the Term Loan. granted on OCtober 8, 1993 a total ot One Hundred Twenty Thou.and ($120,000.00) dollar.. 1.11 So long ae Borrower. are not in def.ult, Lender and Matzner agr.. to forbear from immediate collection and en tor cement of the variou. Obligation., other than a. .et forth herein, until November 1, 1994. Article II New Revolvina Loan 2.1 CBS and the William. have reque.ted Lender grant a new Revolving Loan ot One Hundred Thou.and ($100,000.00) dollar. to provide funding to allow CBS to purchaee material. to perform eligible contract.. 2.2 Subject to the term. and condition. contained herein, Lender agree. to make · Revolving Loan to CBS, al reque.ted by CBS from time to time, but not in exce.. of One Hundred Thoueand ($100,000.00) dollar. at anyone time out.tanding. The Revolving Lo.n .hall be evidenced by a .ingle Revolving Loan Note of Borrower. to the order of Lender in a form .athfactory to Lender. The Revolving Loan Note .hall mature, and bear intere.t, al provided in the Revolving Loan Note. 2 2.3 Advances under Revolvina Loan. A. Th. "maximum credit" und.r the Revolving Loan 18 On. Hundred Thousand ($100,000.00) dollare. B. Availability und.r the R.volving Loan Not. .hall b. the l....r of: (1) Th. maximum cr.dit, or (2) the co.t of mat.rial for .ach of the "E1igibl. Contracts". "Eligibl. contract." .hall be l.gally .nforc.abl. contracts of CBS to provide mat.rial. and/or s.rvic.. r.lat.d to it. primary bu. in... .nt.r.d into after the date of this MOdification Agr..ment. C. CBS may draw on the R.volving Loan by pr.s.nting t~ the "Trust.." a. that t.rm i. d.fin.d in this Modification Agr..ment, .vid.nc. of the cr.ation of an Eligibl. Contract. Th. Tru.t.. .hall th.n .ff.ct a draw on the R.volving Loan in accordanc. with the proc.dur.. .et up for .uch draw. by Lend.r, .ubj.ct to the limit. s.t forth in .ubparagraph A abov.. Articl. III Inter.at and Fe.. 3.1 Agr.ement 15, 1994, Facilitation F... In con.id.ration of L.nd.r .nt.ring into this Modification and the n.w Revolving Loan, Borrower. agr.. to pay Lend.r on or before Jun. a non-r.fundab1. facilitation f.. of S.v.n Thousand ($7,000.00) dollar.. 3.2 Reimbursement of l.aal f..s of L.nder. In con.id.ration of L.nd.r ent.ring into this Agr.ement, Borrowers agr.. to r.imburs. Lend.r, on or before Jun. 15, 1994, a non-refundab1. .um of Two Thousand Fiv. Hundr.d ($2,500.00) dollars for the 1.ga1 f..s, cost. and .xpenses incurred by Lend.r with r.spect to this transaction. Borrowers .xpressly agr.. that the sum of Two Thousand Fiv. Hundr.d ($2,500.00) dollars r.pr..ents fair and r.asonabl. l.gal f..s, costs and .xpens.s r.lat.d to this transaction. 3.3 Interesh Int.r.st on the T.rm and R.vo1ving Loans shall be payable by Borrowers on the .ighth day of .ach month, calculated upon the out.tanding daily balanc. on the T.rm and R.volving Loans for .ach day during the immediat.ly pr.c.ding month, at the per annum rat. set forth in the r.spective Notes. 3.4 Int.r.st and F.... Pursuant to the R.volving Loan Not. and Term Not. both of October 8, 1993, Borrowers were to pay int.r.st at the rat. of twelve (12'> perc.nt per annum on a monthly basis. No int.r.st has b.en paid and the unpaid int.r..t to July 8, 1994 shall be paid by Borrowers to L.nd.r not lat.r than Jun. 30, 1994. Int.r..t on the n.w R.volving Loan, pursuant to paragraph 2.2 abov., will be due on July 8, 1994. Th.n, beginning with August 8, 1994, Borrowers shall pay int.r..t on a monthly basis on both the Not.s of October B, 1993 and the n.w Revolving Loan Not.. Articl. IV Grant of Security Inter.at 4.1 Grant of Securitv Interest. To secure the payment and performance in full of all obligations as that term i. d.fin.d b.low, Borrow.rs her.by grant to Lend.r a continuing .ecurity intere.t in and lien upon, and a right to .et off again.t, and 3 Borrowera hereby aaaign and pledge to Lender, all of the collateral aa that term ia defined below, including any collateral not deemed eligible for lending purpoaea. 4.2 "Ob1igationa" aa uaed in thia Agreement ahal1 mean any and all obligationa under the Term and Revolving Loana, and any and all other indebtedneaa, liabilitiea and obligationa of every kind, nature and deacription owing by Borrowera to Lender and/or Lender'a affiliatea, including principal, intereat, chargea, feea and expenaea, however evidenced, whether aa principal, aurety, endoraer, guarantor or otherwiae, whether ariaing under thia Agreement or otherwiae, whether now exiating or hereafter ariaing, whether ariaing before, during or after the initial or any renewal term or after the commencement of any caae with relpect to Borrowera under the United State. Bankruptcy Code or any aimilar .tatute, whether direct or indirect, ab.olute or contingent, joint or aeveral, due or not due, primary or aecondary, liquidated or unliquidated, .ecured or unaecured, original, renewed or extended and whether ari.ing directly or how.oever acquired by Lender including from any other entity outright, conditionally or .. collateral aecurity, by aa.ignment, merger with any other entity, participation or intereBta of Lender in the obligationa of Borrower. to othera, aasumption, operation of law, aubrogation or otherwi.e, and ahall alBo include all amounta chargeable to Borrower. under thia Agreement or in connection with any of the foregoing. 4.3 .Collateral" ahall mean all of the following property of CBS. all now owned and hereafter acquired right, title and intereat of CBS in, to and in re.pect of all accounta, intere.ta and good. repre.ented by account., returned, reclaimed or repeaBeBsed good a with reBpect thereto and right. aa an unpaid vendor; contract righta; chattel paper, general intangiblea (including, but not limited to, tax and duty refunda, regiatered and unragi.tered patenta, trademarka, .ervice marka, copyrighta, trade namaa, applicationa for the foregoing, trade aecreta, good will, procease., drawinga, blueprints, cUBtomer lilt., licen.eB, whether the licen.or or licenaee, choaea in action and othar claim., and exiating and future lea.ehold intere.t. in equipment, real e.tate and fixture.), document.; in.trumant., letter. of credit, bankera' acceptance. or guarantees, caah monies, deposita, .ecuritiea, bank account., depo.it accounta, credit. and other property now or hereafter held in any capacity by Lender, it. affiliatea or any entity which, at any time, participate. in Lander'. financing of Borrower. or at any depo.itory or other inltitution, agreement. or property .ecuring or relating to any of the item. referred to above, all now owned and hereafter acquired right, title and intere.t of CBS in, to and in re.pect of, gooda, including, but not limited to: all inventory, wherever located, whether now owed or hereafter acquired, of whatever kind, nature or delcription, including all raw material., work in proce.., fini.hed good., and material. to be u.ed or con.umed in CBS'. budne.., and all nam.. or mark. aU bed to or to be aU bed thereto for purpo.e. of .elling .ama by the .eller, manufacturer, le..or or licen.or thereof, all equipment and fixture.. wherever located, whether now owned or hereafter acquired, including, without limitation, all machinery, equipment, motor vehicle., furniture and fixture., and any and all addition., .ub.titution., replacement. (including .pare part.), and acce..ion. thereof and thereto, 4 all conftumer good., farm product., c_op., timber, mineral. or the like (including oil and ga.), wh.rever locat.d, wh.ther now owned or her.aft.r acquired, of whatever kind, nature or d..cription, all now owned and her.aft.r acquir.d right, title and intere.t of CBS in, to and in r..pect of .ny r.al or other personal property in or upon which Lend.r haa or may hereaft.r have a .ecurity int.re.t, lien or right of .etoff, all pr..ent and future book. and record. r.lating to any of the above including, without limitation, all comput.r program., print.d output and computer r.adabl. data in the po.....ion or control of CBS, any computer .ervic. bureau or other third party, and all product. and proce.d. of the foregoing in what.v.r form and wher.v.r locat.d, including, without limitation, all in.uranc. proce.d. and all claim. again.t third part i.. for 10.. or de.truction of or damage to any of the for.going. 4.4 .Collateral. .hall m.an the following with r..pect to William. I A. the real e.tate .ituated in the Town.hip of North Newton, County of Cumberl.nd, Commonw.alth of penn.ylvania, known and de.ignated .. lOB3 Oakville Road, Newville, penn.ylvania 17241, title to which w.. .cquired by the William. by d..d dated J.nuary 26, 19B9, and r.corded in the Offic. of tha-R.cord.r of Deed. in and for said county in Deed Book .U., Volume 33, Page 120, B. all of the share. of common .tock of CBS, now or her.after owned by, or held in the name of, the William., tog.ther with all products and proceed. th.reof (coll.ctively the .Share..). Th. Williams .ha11, within three (3) day. of the ex.cution of this Modification Agreement, endor.. in blank and depgait with the L.nder .tock c.rtificat.. numbered through of CBS repre.enting Shares of the no par value common .tock of CBS and ehall, in the futur., .imilarly .ndor.. and d.po.it with the L.nd.r .n~~ertificate. con.tituting products or proceed. of th. Shares or any c.rtificat.. r.pr...nting additional .tock of CBS h.reafter .cquired by the William. in .ftT oth.r mann.r. - - Th. William. r.pr...nt and w.rrant to the Lend.r thatl . (1) the Sh.r.. .r. validly i..u.d, fully paid, .nd. non-......abl. .nd that they .r. the .01. own.r. of the Sh.re., fr.. and clear of any and all lien. or sncumbr.nce., .nd will d.f.nd the same .g.in.t all claim. and demand. of all per.on., (2) th.y have a good right to tr.lIlrf_ .nd pledge- the.. Shar.. a. provid.d in this Modific.tion Agreem.Dt. aod.neithar auch pledge nor any transfer of the Share. i. r..trict.d by any Buy-Sell Agre.ment or other re.triction on tran.fer of the Shar.. of CBS, and n.ith.r euch pl.dg. nor .uch tran.fer will give ri.. to any right. in the Share. on behalf of CBS or .ny third party. 5 The Lender shalll (1) exercise reasonable care in the cuatody and preservation of the certificates transferred to the Lender/ L~ (2) deliver the certificates to the Williams upon full ~ C-~ payment of the Obligations secured by this Modification Agreement/ (3) have the right to assign this stock and the interest of the Lender, or to grant a security interest in the same, upon terms that do not impair the rights of the Williams under the Modification AljIreement. 4.5 Documents to Perfect. Borrowers shall immediately execute such documenta, as Lender from time to time shall request, in order to allow Lender to perfect his security interests and liens. The filinljl fees and other costs related to the perfection or satiafaction of liens shall be paid by Borrowers. Article V Joint and Several Liabilitv of Borrower 5.1 Liabilitv is Joint and Several. The liability of CBS and the Williams shall be as co-makere and, accordingly, is direct, absolute and unconditional, shall be joint and several, and .hall not be affected in any way by reason of, among otherel A. Any failure to retain or preserve, or lack of prior enforcement of, any riljlhts again.t any person or persons or in any property by the Lender/ B. obtained/ The invalidity of any .uch right which may be attempted to be C. Any delay in enforcinljl or failure to enforce .uch riljlht. even if .uch right. are hereby lost/ or - D. Any delay in makinljl cS.Iand on either CBS or the Williams for performance or payment of the obligations of either hereundor. 5.2 Notice. Borrowers hereby waive all notice of any character whatsoever with re.pect to any default under this Agr....nt includinljl, but not limited to, notice ofl the acceptance hereof and reliance hereon/ the pre.ent e.i.tence or future incurring of any liabilities of either to Lender/ and/or of the amount, terms and conditions thereof, and of any default thereon. Borrowers hereby consent to the taking of, or failure to take, from time to time, without notice to eith.r, any action of any nature what.oever by Lender with respect to liabilities of either to Lender and with respect to the rights against any peraon or penon. (includinljl CBS and the Williams) or in any property, includinljl, but not limited to, any further renewals, exten.ion., modification., postponements, compromises, indulgence., waiver., .urrenders, exchange. and release., and CBS and the William. will remain fully liable hereon notwithstanding any of the foregoinljl. The death or incapacity of either .ha11 in no way aff~ct the liability of the other. Borrowers hereby waive the benefit of alll 6 '.- A. Defen.e. what.oever to either'. liability hereunder except the defen.e of payment. made on account of their joint and .everal liability to Lender/ and B. action to All righ~. to .tay of enforee the liability of execution and exemption of property in any either hereunder. 5.3 Waiver of Riaht.. Borrow.r. hereby waive any claim, right or remedy which either may now have or hereafter acquire again.t the other or any other eo-maker or guarantor that ari.e. under thi. Agreement and/or from the performance by .ith.r under thi. Agreement, .aid waiver to include, but not be limited to, any claim, remedy or right of .ubrogation, reimbureement, exoner.tion, contribution, indemnific.tion, or particip.tion in .ny claim, right or remedy of L.nder ag.in.t .ith.r, or in .ny ..curity whieh L.nder now ha. or here.fter .cquir.s, whether or not .uch cl.im, right or remedy .ri.e. in .quity, under contr.ct, by st.tute, under common l.w, or otherwi.e. "Claim," for purpo.e. of the preceding .entenc., .h.ll include, but not be limited to, .ny right to p.yment by either CBS or the William. from the other, whether or not .uch right i. reduced to judgment, liquidated, unliquid.ted, fixed, contingent, matured, unmatur.d, di.puted, undi.puted, legal, equit.ble, .ecured or un.ecured, the right to any equitable remedy for breach of .uch perform.nce whether .uch right to equitable remedy i. reduced to judgment, fixed, contingent, matur.d, unmatured, di.puted, undi.put.d, .eeur.d or un.ecured. Article VI Trustee for Revolvina Loan 6.1 Tru.tee. Lender hereby .ppoint. Trebizon International Ent.rpri..e, Inc. ("Tru.tee") of 1250 South waehington Street, Unit 601, Al.xandria, Virginia 22314 a. it. .gent, or trustee, for the purpose. af monitoring, diBbureing .nd collecting funds pur.uant to the Revolving Lo.n cr..ted hereby. 6.2 Lender will, .fter the exeeution of thi. Agr.ement, provide Tru.t.. with .cce.. to One Hundr.d Thou..nd ($100,000.00) dollar. for the purpo.. of funding the Revolving Lo.n purauant to the terma .nd condition. of thia Hedific.tion Agr.ement .nd the Revolving Lo.n Not.. 6.3 Tru.tee haa been p.id $1,750.00 per month by Borrower. .. Tru.t..'. fe.. to monitor .nd review the fin.ncial .nd ..1.. information for Lender. Th. part i.. agr.e th.t ..id payment ah.ll continue for .0 long a. Tru.tee rem.ina Lend.r'. ag.nt for .uch purpoae. . 6.4 Truat.e ah.ll receive an additional on. time fee of $1,750.00 for the er.ation of the .y.tam to monitor and control the advance. and colleetion. under the R.vo1ving Loan Not.. Thi. $1,750.00 ehal1 be paid by Borrower. to Truete. by June 15, 1994. Article VII Addition.l Covenante 7.1 Ineurance. Borrowere will m.int.in .t all time. .dequate in.ur.nce to the .ati.faction of Lender with ineurere acceptable to Lender again.t euch ri.k. of loe. as .re cuetom.rily ineurad .gain.t and in amounte cuetomarily carried by per.on. owning, leaeing or operating .imll.r propertlee, includlng, but not limited to, fire, theft and 7 extended coverage in.urance in an amount at lea.t equal to the total full In.urable value of the collateral, provided further that the amount of .uch in.urance .hall at all time. be .ufficient to prevent Borrower. from becoming a co-in.urer under the term. of .ny in.urance policy. Such in.urance .hall have a long form lender'. 10.. payable endor.ement in favor of Lender providing for at le..t thirty (30) day.' written notice to Lander prior to cancellation and, in thi. regard, Borrower. .hal1 cau.e a certificate of in.urance to be delivered to Lander prior to the initial advance. under thLa Agreement and no later than thirty (30) day. prior to the expiration of any .uch in.urance coverage. Borrower. will aho keep themadve. adequately in.ured at all time. again.t liability on account of injury to per.on. or property and comply with the insurance provi.ion. of all applicable worker'. campenaation law. and will effect all .uch in.urance under valid and enforceable po1icie. i..ued by in.urer. of recognized re.pon.ibility. Prior to the initial advance under thi. Loan Agreement and thereafter within ninety (90) day. of the clo.e of each fi.cal year, Borrower. will deliver to Lender a .chedule indicating all in.urance then in force. In the event Borrowers fail to .ecure in.urance a. hereinabove provided, Lender i. authorized at hi. election to pay the co.t of in.urance and Borrower. agree to repay all eum. eo paid on demand with intere.t at the rate provided for in the Revolving Loan Note. Until repayment, all such sum. .hall be secured by the security intereata provided for herein. 7.2 Caeh Budoet.. On or before the date of any advance. under the Revolving Loan Note, CBS .hall provide Lender with a twelve (12) month cuh flow budget. Within thirty (30) day. of the end of each month during which amy amount. are outetanding under thi. Agreement, CBS shall provide a revised ca.h flow budget for the next twelve (12) month. and a variance analyei. for the prior month. 7.3 Financial Reoorts of CBS, CBS .hall furniah to Lender, within thirty (30) day. of the end of each month, an unaudited .et of financial .tatement. which ehall include an income .tatement, balance .heet and .tatement of ca.h flow, which .tatement. .hall be verified by the pre.ident of CBS, .ubject to the penaltie. cf 18 Pa.C.S. 54909 relating to un.worn hl.Hication to authoritie., that .aid officer La familiar with the book. and record. of CBS, and that the financial .tatement. are true and correct to the be.t of hi. or her knowledge, information and belief. Within .ixty (60) daye after the clo.e of CBS'. fi.cal year, CBS .hal1 furni.h to Lander annual financial .tatemant. which .hall include an income .tatement, balance .heet, .tatement of caeh flow, which .tatement. h.ve, at a minimum, been compiled in conformity with generally .ccepted accounting principle. and h.ve b.en verified by CBS'. Pre.ident in the .&me manner .. the monthly atatement.. In addition to the financial .tatement. a. herein above deacribed, CBS ahall al.o provide to Lender, on a monthly baeie, within thirty (30) day. of the end of each month, a li.t of account. receivable and the aging of the account. receivable due from eech account debtor owing money to CBS; . detailed li.t of inventory and the co.t ba.i. of .aid inventory, a li.t of all contract. in proce.., the percentage to which each contract ha. been completed, and the value of the contract.; a liet of all legally binding contract. into which CBS ha. entered which have not yet been commenced and the value of thoae contract.; and a li.t of all bid., offer., or other .olicitation. for contract. which have been placed by CBS which have not, a. of tha end of the month, been either accepted or rejected and the value of tho.e contract.. In addition to the financial atatementa and monthly detail. required above, CBS .hall al.o provide, within .ixty (60) day. after the filing of any annual income tax return with the federal or .tate government, copie. of .aid tax return. to Lender. 8 " . , 7,4 Financial lteDOrts of Williams, The Williame shall furnish to Lender, within thirty (30) days of the last day of each calendar quarter, an unaudited balance sheet, which shall be verified by them, subject to the penalties of 18 Pa.C.S. 54909 relating to unsworn falsification to authorities, that the balance sheet is true and correct to the best of their knowledge, information and belief. 7.5 E1iaible Contract List. By 9100 ..m. Monday of e.ch week, Borrowere shall furnish to Trustee and Lender a schedule of labor and materi.1s by Eligible Contract, to enable Tru.tee to determine not only the value of the Eligible Contract, but the amount of m.teri.l nece..ary to be purcha.ed for the performance of that contract. Thi. report mu.t be provided to Tru.tee and to Lender by 9100 a.m. on Mond.y of each week. 7.6 By 9:00 a.m. Monday of each week, CBS shall furnish to Trustee and Lender a .a1.. activity report, .howing the activity for the previous week by .ale. pereon, including call., vi.its, lead., contracts and the like. 7.7 It i. beli.v.d by the partie. that the sal.. effort. of Larry V. williams are .n important ingredient in the .ucces. of CBS. Therefore, CBS and Larry V. William. cov.nant that Larry V. William. will conc.ntrate on sale. activities at least three (3) full day. per week and th.t hie .ale. activities will be included in the above referenced .a1es report required to be provided e.ch week. Article VIII Default 8.1 Event. of D.fault. Borrower. ehall be in default on the happening of any of the following event.: A. The failure to make .ny payment requir.d under this Loan Agreement, the Note., or any other document. related to this tran.action, B. The failure to provide the financial report. and ca.hflow budget. required under paragraph. 7.2, 7.3, 7.4, 7.5 and 7.6 above by the date. upon which .aid report. .re due, C. The failure to comply with each and every .ffirmative obligation, or 1imit.tion, cont.ined within this Agreement, the Note., or any other document. relat.d to this loan tr.nsactionl D, Th. Borrow.r. die.olve, t.rminat. th.ir .xi.tence, or oth.rwi.e chang. their bu.ine.. form, or have a judgment ent.r.d again.t them, or have any of their ....t. .tt.ched in any leg.l proceeding, or file for bankruptcy or make an a..ignment for the b.nefit of creditor. und.r any applicab1. .t.t. 1.wl .nd E. Th. f.ilure to reimburse any fees, expense., or cost. a. required under thi. Lo.n Agreement. 8.2 No Reauirement of Notice of Default. Borrowers .hall be deemed to be in default upon the occurrence of .n event of default. No notice of def.ult i. required to be provided by Lender. Notwith.tanding the l.ck of any requirement of notice, Lender may give Borrowere notice of a default either orally or in writing. Any such notice 9 . '. . . .hall not b. deemed to be in any way a modification of the fact that notic. i. not a pr.condition to default. B.3 Remedie. in the Ev.nt of Default. Upon the occurr.nce of an .vent of default and any time there.ft.r, Lender .h.l1 h.ve .11 right. .nd remedie. provided in thie Agreement, any other .greement. betwe.n Lender and Borrower., the Uniform Commerci.1 Code or other .pplicable law, all of which right. and remediee may b. .xerci.ed without notice to Borrow.r., all notice. having been waiv.d, All right. and r.medi.. of L.nder .r. cumul.tiv. .nd not .xclu.ive .nd ar. .nforc.ab1., .t L.nder'. di.cretion, .1t.rn.tively, .uccee.iv.ly, or concurr.ntly on .ny on. or more occ.eion. .nd in .ny order Lender m.y determine. Without limiting the foregoing, Lender m.y (.) .cceler.te the p.yment of .11 obligation. and d.mand immediate p.ym.nt th.reof to L.nder, (b) with or without judicial proc... or the aid or a..i.tanc. of oth.r., .nt.r upon any premiee. on or in which any of the coll.t.ral might be loc.t.d and take ponee.ion of the coll.tera1 or complete the proce..ing, manufacturing and rep.ir of all or .ny portion of the collat.r.l, (c) r.quir. Borrow.r. at Borrow.r.' .xpen.. to ....mbl. and m.ke .v.i1.bl. to Lender .ny p.rt or .11 of the coll.tera1 at .ny place .nd time de.ignated by Lend.r, (d) coll.ct, for.clo.., receiv., appropriate, .et off .nd r..li&. upon .ny .nd .11 coll.ter.l, (e) extend the time of paym.nt of, compromiee or eettl. for ce.h, credit, return of merchandi.e, and upon and any t.rm. or condition., any and all .ccount. or other co11at.ral which inc1ud.. the mon.tary obligation and di.charge or re1e.ee of the .ccount debtor or oth.r obligor, without .ff.cting any of the oblig.tion., (f) eel1, leaee, tr.nefer, ..eign, deliver or otherwi.e diepoee of .ny and all collateral (including, without limitation, .nt.ring into contr.ct. with r..pect her.to, by public or private eal. .t any exchange, brok.r'. board, .nd offic. of Lender or eleewhere) .t euch price. or term. ae Lender may d..m r.a.onable, for caeh, upon cr.dit or for future d.liv.ry, with the Lender having the right to purcha.. the whole or any part of the collat.ra1 at any .uch public .al., all of the for.going being fr.. from .ny right or equity of redemption of Borrower., which right or equity of redemption i. h.reby .xpree.ly waived .nd r.leased by Borrow.r.. If any of the collateral i. .old or l.a..d by L.nd.r upon credit term. or for future d.liv.ry, the obligation .hall not b. reduced a. a r..ult ther.of until paym.nt th.r.for i. finally coll.cted by L.nder. Notic. of di.po.ition of collateral a. r.quir.d by law, t.n (10) day. prior notic. by Lend.r to Borrower. d..ignating the time and pl.c. of eny public .al. or the time aft.r which .ny priv.te ..le or other intended di.po.ition of the coll.ter.l i. to be m.de, .hall b. deemed to be r.a.onabl. notic. th.r.of, and Borrower. waive .ny other notic.. In the event Lender institute. an action to r.cov.r .ny collateral or .eek. recovery of any coll.ter.l by w.y of prejudgment remedy, Borrower. waive the poeting of any bond which might otherwi.e be r.quired. 8.4 ConfeeBion of Judament Clause. Borrower. hereby .uthori:te .nd empower any attorney or the Prothonotary or Cl.rk of any Court of r.cord within the Unit.d Stat.. or el.ewh.r., to appear for Lender and confe.. judgment, without default, ag.in.t them in favor of Lender, hi. Bucce.sorl.) or a.signl.), a. of any term, for any amount then due und.r thi. Agreement, ~ intere.t at the rate of twelve percent (12\) per annum from the date of their obligation., ~ attorn.y.' feeB of tw.nty percent (20\) thereof for coll.ction, with co.t of .uit and relea.. of all .rror.. No .ingl. ex.rci.. of the foregoing warrant and power to confe.. judgment .hall be de.med to exhau.t the power, whether or not any Buch exercise shall be held by any Court to be invalid, voidable, or void, but the power Bhall continue undiminiBhed and may be exercised from time to time as often a. Lender ahall elect, until all .um. payable or that may become payable by Bor~ower. have been paid in full. 10 .- ,- IN WITNESS WHEREOF, Borrowere and Lander have duly executed thie Agreement a. of the 4th day of Hay, 1994. ~ BORROWERS, ,hd!d~g c v. illtp. ) Jlfl . ;; j it. - (DN'~/) Carol D. William. C=ponent By: Title, Inc. Ronald F. Matzner .- --. ..... .....---' ._-- _. Richard H. Hale J'. _. -~ -' ~ .."'.. .......,. - _... -. 11 .. . . ACKNOWLEDGEMENT State of Penn.ylvania County of Dauphin -o/'ff) On thi. day of May, 1994, b.for. me, the und.r.igned, a notary public in and for ..id .tate, per.ona11y appeared Larry V. William., to me per.ona11y known, who, being by me duly .worn, did .ay that he i. the pre.ident of Component Building Sy.tem., Inc., that thi. Loan Agreement wa. .igned on behalf of .aid corporation by authority of it. Board of Director., and that a. .uch officer., he ha. acknowledged the execution of .aid Loan Agreement to be the voluntary act and deed of aaid corporation, by it and by him voluntarily executed. . ;({.~t(, () ~~~. Notary Public NolnI Seal U1la A. 0eAngeia. Nc8y Njc Hnlug. Oiqtin COIrllv My Cormir.sioiI e.;ns Sepc. 11. 1994 ACUOWLJ:DGDmft State of Pennaylvania COunty of Dauphin On thi81'f1? day of Hay, 1994, before .., tile undenigned, a notary public ill and for .aid atate, penonaUy appeared Larry V. Wlll1_ and Carol D. Willi... to .. peraona11y known, who, being by me duly aworn, did eay that they have acknowledged the execution of .aid Loan Agreement to be the voluntary act and deed of said individual., by th_ yoluntarlly e.ecuted. --.... ~:u&() w..Ln;(~_. _....~......- - Notary Public - ~S8Il 1iIlaA.~~Njc My~~:::'E:4><"'~ 1994 34150502,9 'leUlID '.UY S1GN.'UlllsT--:. ,II,. ..,.. .... .......... .. fW .... ..., .. IHw.. '..1,', '............ . . ..-<"", ""'t"~llfll.'JlWIr.I"II"". .........:1': ,.......'.11 .' 0.__ 11"..,... 1",\1 1'\J11It I.~ III ~I ...(1 i'lW-IJ ..._IIf':!' CaTplneIlt Building Systems, Inc:. P.O, !lOX 109 Newville, PA 17241 0....... rumt IIUII\imI hr\l 4 .."..CWII WId """'1llJ 1OlJI'" Williams, Larry V. 10B3 Oakville Road Newville, PA 17241 ~ ,wne lanJ nrw ..".. rdIw.....'61f r....... ....1":,', Willi_, Carol C. 10B3 Oakvi1le Road Newville, PA 17241 "uIN4 ,-.,Iin] ~St IW fYlIftt tls1 "........11I, ,.111'1 ............ to I .., ,ro', -- Richard M. Hale 136 8iUian St:8et Dr ter KJ 08B07 .- ........1 .l ......4 p.", namrt\lll.N 'W;'" "'...1 r' ...:..".....1. .I'-I~ ':.> II:r \KUf" ....eftif ""'''''- ,,"_ t,.... .. ........ itfteO .. ~I o I.. ....... .Dtlilor' ..., -SOW.. ,..,., ........, ""'oil' .'" .... I": I. o 'h'! ~ DetIO'- ",., "$land ,,,,I, - tl'It .1" r.l, I ~r'" _..1 I ..-..... o OoIlIoIr..I,.........."'l'-""". . 0 K1 :t....: ..'''' ....... ".-. ....., .. .1It.,...... ~... 01 ,0, t.. rlt*. ~ 0 .. I'. "'oJII"-'~" a.,..4 c. .....,.~. ".;"f'" , _'f_"O, .,.......1.'........ ...",.', o "t. ............... ......... . o _,.. .. 0..... t ..'*... .. ....... ..I L.. ...... ... f' .. ..... ,.!. ", .'.. . . ........ ,...... ,.... o ..... , .., ,......... .... ....4. . 0,' ". 0,..., *-'...... -.... o ..,' .........,.... .' \....,.........,....,......... IINAHClHG IIAIIMlNI Uoil... c_.. C.... I... uce.. ""OIlA~' - rlo... ..od jn.I,."iott.Il'" rnln. ,.eIt 0 pa.. . be...... c..,..'.... .... '01""1 He . " '.','1 r ,...'., "II..", 0.... ,.... ..... Off.. 1\WI'1*:!'" 1*10 otw... (fJ CJ~I:r.~.~ \;\ \: \~ r~\ or.rT Lr ~ T:.: ~ 5 f't1.. .....,...'" \1.'..-"1 I' .W,P.f11MJ fDl IWIQ ~ 10 IN' UMrIr.1 Carrlneroat Cu:fr ..,. IV Dr .... I' ..,., r., II.... ':1'_ "... ,..... '(3101092 [i '..,u,.., ,,: ". I...'............ Of''''''",~", ". 0"...."."......1,.. ""'" CMfy , I . " .........' .. U4.'.... ~t I" ..", t 0,...... ,,",..I ~"lC"'" .U.u 10 rMaIe .. COU.nUL w......, ..10....1 :.. '. ", ....: ',1 1~.Jr .. Soo lilt of collateral attech8d tw:wto .. Elch1hit "A". '!he list of co11ateral. att:achll4 here1:D and marked as Exhibit wAw II8I'VM .. collateral for the Loan lbiification Aoj__.t- JlBYOlving Note and /obrtg.:lCjC .:Ill dated May 4, 1994, and u thereafter olI1'Crdod fran tine tD tiII8 by the plIrtW. . " '. , , ~ .: .r ~ '., . 'fI>r'f'2.IIil"I~"'I/1'wJ''''''''''' .:~..."., "..U........~,..,.U't"tII..#I~~-Ill.I~'.~ ......'1, '.10'." ...I"'G" . rJ,'...... . tl , r! .,..,,,'. ........ .' .. ............ . .................,.....1rd'" .. I ,...... ,... .... fA -.....It ,. "".... ,,', ,.to ~I" ,r1l' 'I..... .. .... ...rw. " ....... A I.'" ......1)"..1 Of~t:~ 0....".".,.... ...,p. C...II, ,,..._fo......I~!o."'-.. 1.....1..'.1. I: ..... ..'" ....... fl.I:. ,.C'....,..J .".. '," .. . .DIITOI SlGNATUIIIL__ ~Y;:..:' ~11... II .x ~-!"j6 (. I' 0;. )1). - I j I. IIItR\SOn:1N MU Ul;lterEIN, \I JJ 1\'lu, 'IV"llIla l'iltt;lxtrqh, I'A 15222 ~ /_1:.1 .j ............, " P.C. I" ,,~XIUBjT 19 ..,.. .... . , LIST OF COLLATERAL "collateral" shall mean all of the following property ot Debtor: All now owned and hereafter acquired right, title and int.r~~IQ(IQt~r in. to and in respect of all: accounts, intere.t. in good. r~~."*~l~y account.. returned, reclaimed or repossessed good. with respect ther.to and right. as an unpaid vendor; contract rights; chatt.l pap.r; g.n.ral intangibl.. (lncluding. but not limited to. tax and duty retund.. regist.r.d and unregistered patents, trademarks, .ervic. mark.. copyright., trade nail.., applications for tho foregoing. trade ..cret., goodwill, proc....., drawing.. blueprint., cu.tomer li.t., lic.n.... wh.th.r a. lic.n.or or lic.n.... cho... in action and oth.r claill., and .xisting and future lea.ehold interests in equipment, real ..tat. and fixtures) I docullent.; instruments; letters of credit; bankers' acceptances or guarantees; cash monies, deposits, securities, bank accounts, deposit account.. credits a~d other property now or hereatt.r h.ld in any capacity by secured creditor, their affiliates or any entity whlch, at any ti.., participates in the financing of Debtor or at any depository or other in.titution; agreement. or property securing or r.lating to any of the it.m. referred to above; All now owned and hereafter acquired right, title and int.re.t of Debtor in, to an in respect ot goods. including, but not limited to: All inventory. wherever located, wheth.r now owned or hereatter acquired, of whatever kind, nature or description, inCluding all rav lIaterials. work-in-process, finished goods. and ..terials to be uaed or con.umed in Debtor'. business; and all nam.. or ..rk s atfixed to or to be affixed thereto for purposes of selling sa.. by the seller, lIanutacturer. lessor or licensor thereof; All equipment and fixtures. wherever located, whether nov owned or h.reafter acquired, including, without limiation, all ..cbinery, .quipll8nt, 1I0tor vehicles, furniture and fixtures, and any and all additions, .ub.ti tution.. replacements (includinv spare parts), and acc..sion. th.r.ot and thereto; All con.Uller good.. farm products. crop., tiaber, .in.rals or the like (including oil and gas), wherever located, wheth.r now owned or hereafter acquired. of whatever kind, nature or description; All now own.d and hereafter acquired right, title and interesta of D.btor in, to and in r..pect of any real or other personal property in or upon which Secur.d Cr.ditor has or may hereaft.r have a security inter.st, 1i.n or right of .etoff; All pre.ent and future books and records relating to any of tha above including, without limitation, all computer proqra.., printed output and computer r.adable data in the possession or control of tha Debtor. any cOllput.r s.rvice bureau or other third party; All product. and proceeds 01 the lon'lloing in whatever for. and vh.rever locat.d, including, without limit.1tion, .111 in.urance proc.eds and all clai... .gain.t third partiC:1 lor lUl'1.l or destruction of or da.ag. to any of the foregoing, I:~hil,jl "^" ,,- r-., \:: PARTIES DebtOf t\II'I'le IlISl Us, If tndlVwall and ml11mO iOdlta Ct;ll~r.:J1t ~ SyBtans, Inc. P.O. BaK l09 Newville, PA l7241 .' 0..... .... (1u11\111'e 111I1 d 1fldMclJII) II1ll "'"*"II-III: Will.iarns, Larry V. lOB3 Oakville Road Newville, PA 1724l _ l1IIl1O (1Is11\111'e IIISI d _14JII11I1ll "'"*"II1dcl11ll: Willi5ns, Carol D. 10B3 Oakville ib!ld Newville, PA l7241 ,~ .t.i .... 1b s.c..... """Iiesl name(sl (last name IIISt d 1lldMGJaI) II1llIdclress lor securdy I1teresl tnton'nabon:.....-,. .. '-"_I_~"",,-.4#~-';.J..~ i._~_ Richard M. Hale . 136 Billian Street Bridgewater, NJ OB807 i i 4 9. 5 0 i 148.501X fiNANCING STATEMENT Uniform Commercial Code form UCe.1 tMPOITA.NT - rl.as. reqd/'nstructiol\l rev"M "d. a pag. 4 b. art comple' fil... No. 1$WI1>OCI by 1*l'Q 01l1Ctl1. 0.... Ii_. fA' .., . , ... q4- ;>41q ff/l/~,SOpd n~ c... ~%.- Mlt"-;..., zr,."L. z.~ . '. Uti ... \:... -c 1- () . ,,"".1:-.0 ~ r:'I:1' .... :IC .. - en lJ( c.. N ,. 9,5 0 49.50 TIIos f_l.. 11._ IS presented'or lill'Q I"JSUa!l! ~~ t. WIllI tile (checl< .~blo boll; ~ <.: " "' O .,..;:: Secretory ol tile Conmor1wuIlIl. ~ ,.. iii Pro_yol CUnbP.rland -< LI ..., ..tale records ol -0 ::a: - c.a 9 8 8 6 n : 2 2 05-06-n ...- at A....;'... -. I" anyl: 1 Opti.... Spo,ioI kIonIilk...... (Max 10 ct1Itac1ersl: ~ ..-... e. .,.. .,.- ,,-",. COLLATERAL' . .......-......--..........~.......... kIonIiI, ,........ by rtem 1I1ll/'" Iypo: See list of oollateral attached hereto as Exhibit .r. "An . 'llle list of oollateral attached hereto and · 2 marked as Exhibit "A" serves as ool1ateral for the A..lgnoo(.lat S.....d""', name(s) (1u1 name Iilf.d '_'I.ndldclress Ulan M:ldif.~..ti~t "'--1'''- Note -.... ItxSOCUlllymerestl1lormabOot" __~......_.' R:VU .y...~ "'... '. __..&. ~ -1'DI"tglIge ~ ..... 4,- ~:>:> ".-.1.--+...~. : ~\~ anerded frau time to time by the parties. SpaOoI T1I'"' .. ..... (checl< d oppicatlIe): o The I!m1S "0elJt"," II1ll "SeClnd Ptrty' moon "lessee' II1ll "l!ssIlf: respectiYeIy. . o The tonns 'Oebt"" II1ll "Seand Ptrty" mean "Consig1ee" II1ll "ConsIgnor: respectiYeIy.- o OelJt",~.Tr""""'tingUtillly. SECURED PARTY SIGNATUREIS T10is ._ ;, land wat. aNy 1M 5....... .arty'. .......... to pertec1 . S<<lIIly _ II coIIferll(checl< oppicatlIe boll..ll- .. 0 ar;quired.Iter. "'- .. ,,_. MIaot;ty .. '.......... .......... ol tho Otblor. II 0 as to _tho la....... ......... .." . . ~ aI...." subject to. securit, interest in_ ,...., 'n~ytvo""'- Owl1erltho,oIla.....I.....;..;to.lllosClllIIly.' . , , . . o wI1erltho _'. ...od_. .. plat. at ~. ... ....... to thlStOlJIly. cI. already subject to . securit, interest II _ jUliMlkt.... - o wI1erl tho ,........ ... ....... to PemsyiY.ra o when tho o.W,'. _.... ... ....... to Pemsytvlla .. 0 whICh ~ .......:. olltho collll<lI desaibeolll _ 9. II whICh . SOClJI, l!It....t w..pr......" perIectecllalso _liIIe ....- II _ 9. d JltIchased W1Itl cash plIlCMG II1ll naI adeQuately desaille<l on tho..1QIIlaI "nantIIIl statementl. See..... ""', ...........1 1r>qtJ1ed onv d bollllls _ .-1 51_ f(Jlll - FalM UCC.l .' ApprtNod by Settetary ol CQI11l1OI1WUItIl of Pemsy"'.... , 2. XiI: Ichecl< cnv . _ed) Proo1Jtts oltlle coIIlI<lI... also toYIlIed. kIonIiI, ........ .... ....... d ~: The colIaIoraIlS. 01 _ (dledl _... boxl")) - .. 0 ...,. grOWing or to be grown on - ... 0 goods _ are '" ... to _ If...... .. - ~ 0 ....... .. tho II<t! (onWltl'Q oil .nd gas) as eltr.cted on - 3 d. 0 ac...... ....hf.. ,_ 1M .... at ..f...... '" tile Iokt (incUltnQ oil II1ll gas).t tile - '" _on- tho 1_in9 real estate: _A.......~ llaKribH .., Book OI(ctod< one) 0 Oeeds 0 llOflgagrlS, .t PaQe(s) lor ClllIIty. Unolonn ParCIIldonbfler OIlesc:l1be<l~_SI1oel. . _ at....... ew-(requlfIll ooIIy" no 0lIbt0r has.n u1terest OI_)~ . . . t. ~ l\ND Bm,S"l'En', 1133 Perm "ventI(! Pitt.sburqh, P.' l5222 P.C. . ,. r r'_ , ;' 9 to 11 12 -' . LIST OF COLLATERAL "Collateral" shall mean all of the following property of Debtor: All now owned and hereafter acqllired right, title and interest of Debtor in, to and in respect of all: accounts, interests in goods represented by accounts, returned, reclaimed or repossessed goods with respect thereto and rlghts as an unpaid vendor; contract rights; chattel paper; general intangibles (inclllding, bllt not limited to, tax and duty refunds, registered and unregistered patents, trademarks, service marks, copyrights, trade names, applications for the foregoing, trade secrets, goodwlll, processes, drawings, blueprints, customer lists, licenses, whether as licensor or licensee, choses in action and other claims, and existing and future leasehold interests in equipment, real estate and fixtures); documents; instruments; letters of credit; bankers' acceptances or guarantees; cash monies, deposits, secllrities, bank accollnts, deposit accounts, credits and other property now or hereafter held in any capacity by Secured Creditor, their affiliates or any entity which, at any time, participates in the financing of Debtor or at any depository or other institlltion; agreements or property securing or relating to any of the items referred to above; All now owned and hereafter acqllired right, title and interest of Debtor in, to an in respect of goods, including, but not limited to: All inventory, wherever located, whether now owned or hereafter acquired, of whatever kind, nature or description, including all ra. materials, work-in-process, finished goods, and materials to be used or consumed in Debtor's business; and all names or mark s affixed to or to be affixed thereto for purposes of selling same by the seller, manufactllrer, lessor or licensor thereof; All equipment and fixtllres, wherever located, whether now owned or hereafter acquired, including, without limiation, all machinery, equipment, motor vehicles, furniture and fixtllres, and any and all additions, substitutions, replacements (including spare parts), and accessions thereof and thereto; All consumer goods, farm products, crops, timber, minerals or the like (including oil and gas), wherever located, whether now owned or hereafter acquired, of whatever kind, nature or description; All now owned and hereafter acquired right, title and interests of Debtor in, to and in respect of any real or other personal property in or upon which Secllred Creditor has or may hereafter have a security interest, lien or right cf setoff; All present and future books and records relating to any of the above including, withollt limitation. all computer programs, printed olltput and compllter readable data in the possession or control of the Debtor, any computer service bureau or other third party; All products and proceeds of the foregoing in whatever form and wherever located, including, without limitation, all insllrance proceeds and all claims against third parties for loss or destruction of or damage to any of the foregoing, Exhibit "A" . . . . . . ~RIPTION OF PROPERTY For Financing Statement by and between Component Building Systems, Inc. and Richard M. Hale ALL that certain lot, including the lot addition separately described below, of land situate in North lIewton Township, Cumberland County, pennsyl vania, together with the improvements erected and constructed thereon, which lot and lot addition are more particularly 'bounded and described as follows: PARCEL 1: ALL that certain lot of land designated as Lot No. 1 on a certain sllbdivision plan entitled "Land Sllbdivision or Zane Highlands", which said sllbdivision plan is recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Plan Book 49, Page 29, and is described therein as Lot No.1, which lot addition is more particlllarly bounded and described as follows: BEGINNING at a railroad spike set in the centerLine of pllblic road known and designated as PA Traffic ROllte 641 (L.R. A5750), said railroad spike being set in line of lands now or formerly of Clarence R. Shaffer and said point being the southwesterly most corner of the within described lot; thence through lands of the grantors, North twenty-two (22) degrees, three (03) minutes, (00) seconds West, six hllndred seventy-tNo and zero hundredths (672.00) feet passing through an iron pin set en line at edge of dedicated right-of-way line to an iron pin for a corner; thence continuing by same, North seventy-two (72) degrees zero (00) rninlltes zero (00) seconds East, three hundred eighty-eight and twenty-seven hllndredths (388.27) feet to an iron pin for a corner; thence continlling through same, South fifteen (15) degrees forty-six (46) minutes twenty (20) seconds East, six hundred eighty-two and thirty-three hundredths (6B2.33) feet passing through an iron pin set in line at dedicated right-of-way line to a railroad spike set in the centerline of public road known and designated as PA Traffic Route 641 (L.R. A5750) at common corner of Lot Nos. 1 and 2 shown on the aforesaid plan; thence along the centerline of public road, PA Traffic Route 641, SOllth seventy-four (74) degrees thirteen (13) minutes forty (40) seconds West, two hundred thirty-three and fifty hllndredths (233.50) feet to an existing railroad spike; thence continlling by same, South seventy-three (73) degrees forty-two (42) minutes forty (40) seconds West, eighty-one and zero hundredths (Bl.00) feet to the railroad spike, the point and place of BEGINNING CONTAINING 5.4487 acres, more or less. UNDER AND Sl!BJECT to the rights of the puclic in and to the right-of- way of PA Traffic Route 641. ALSO, UNDER AND SUBJECT to dedicated right-of-way line and other notation as shown en the aforesaid plan. PARCEL 2: ALL that certain lot addition to Lot No.1 as referred to above referred to as Lot No. 4A on a certain subdivision plan entitled "Land Subdivision for L. Scott Williams" drawn by Carl C. Bert, Registered surveyor, which said plan has been approved by the appropriate municipal authorities as and for a subdivision plan and which plan is recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania in Plan Book 56, Page 131, which lot addition is more particularly bounded and described as follows: Exhibit "B" Page 1 of 2 -! ~ . \ Iu. I PARTIES o.bt....lla~ (~ name Ilrsl11 IOOlYdJall aOCl mailing IOdress. . . ~nent Building Systens, Inc. P.O. liox l09 Newville, PA l724l Debt.. name (1aS1 name IIISI d ond"-lll1Cl ma.ng 1dCl.ess: Willimns, Larry V. lOa3 ~=vil1e Road r~ille, PA l724l _ name (1IS1 name hrst d _11l1Cl mUong Idclress: I'/illiarns, Carol D. lOB3 Oakville Road Newville, PA 1724l lb 50<...... ''''yl;o,1 namo(S) (1IS1 name hrst d _') .nclllldress lor SOClIdy .._ inlormabon: Ri.chaJ:d M. Hale 136 Billian Street Bridgewater, N1 08B07 2 Aulgnn{.) 01 50<...... ""y namo(s)11aSt name 111$1 d _) and .ddress fer searrly Ilteresl enlormatlOf'l: Special ".... 01 ....;0, IChedl d appIocabIe): D The Iem1S "Debt.." and "Secured Party" mean "lessee" II1Cl .l.....: respectively. D The lemlS "Delli.." .ncl "Secured Party" mean "Cansqlee" and "'ConsqloI: respoc1M!1y. D Debt.. is . T..nsmdbng lJ1i1ity. SECURED PARTY SIGNATURE S n.is ltaterMftl iI fuel with"'" the SHwed 'arty', si,nature to pet1ect . SOClIlly onteresl 111 coIaterlllChedl appIocabIe bollesJ)- a. 0 acquired after 0 change of nome, identit, or corpora.. ,trumw. of tlle Debt... b. D as III whod1l1le f... has ........ L already subjoct III I SOClIlIy inlerest in ......... ,...., in~- D wtlenllle ..,u._, ..... -.110 tl1ls CM1y. D wtlen IIle Dabfa,'. .wo-. .. placa 01 ......_. ..... -.I 10 ItHs COOOIy. d. already subtett 10 I security Interest m another turildlction - D wtlenllle ,OU....... ..... _d 10 l'errnsylva.... D when the 0......'. lac...... ..... -.110 PeMsylvil/1ll. .. D whICh IS ......... 01 IIle colla,",aI lIe$trrbeG .. bIotk 9. .. whrch . ......,y In'.,..' .... plMlUSIy perletted 'alsO lIe$trrbe pIOCeed$ '" bIotk 9. d purchased with cash proue<IS .ncl not adoQualely lIe$trobe<l on the "_, ~nanang S1a1.mentl s........ ....y s;,.at.rtl.) Il!Q\trecl only d bollesllS chetke<! above) 5100AR0 F(IIM - F(IIM lX:C. I ~ by Set_y of eonwno.....1tt1 of Pennsylv.... FINANCING STATEMENT Uniform Commercial Cod. Form uce., IMPORTANT - PI.a.. ..ad /'nst,uclian. !In ....... .id. of page .. b. a.. campl.tong 'Hi"ll Na, 1".11'!ltO by Ilong oI'~tfl 0.... ,..... '.'''11 OIlK' IS\Oll1pOCl by hbnQ Ollltel) - . . . , . . :fF'I- ~~ :a... 5 This '_I.. S1at_ IS pr_ I.. Iiong pursuant 10 lite UMonn CormtorClal Code. end IS '0 be hied . II WIIh IIle (d1ock appfaIlIe bolt. D Seam.y of 1Ite CommonweaitIL D P1011am1y 01 . Ii real estal. retOllls of ('1W+...,..1 ,,~ Counly. County. 6 7 B .......... 01 Addlti...1 _ ld any): 3 Opt....1 Spa,ia! _ilk...... ,....1. 10 tharat1m): COLLATERAL _ily ,....""" by 11Im and/.. type: See list of collateral attached hereto as ElctIibit "A". '!be list of collateral attached hereto and marked as r.xhibit "1\" serves as collateral for the Loan M:ldi.fication J\qLeel1'eJ1t, ~lvi.nq Note iUld Mortgage all dated fo'.ay 4, 1994, am as thereafter amended fran ti:te to tine by tl1e parties. 2. !Xl (Chedl only d desired) P1ocu:ls 0I11le coIa,",aI... also c....ed. _if, ..!alad raaf ........ d appIocabIe: The toIIaltfalos. or _ \tlIedl _rate bolles)) - .. ba ...... gOWlng or III be gown on - b. ~ goods whIctI are or are to become fixtures on - L EEl......... the hke IrntUflng oil and \lISl as exlrat1ed on - 3 d, iii Ge,..... ....hl"ll ,.... tho .... 01 ..i........ or the like (IntUIrng Oil and \lIS).' the ""._ or mmehead on - the loIIowing real estate: 51_ Add.... 355 Greenspring Road o."riba<I .., 8001< 01 (tlIedl one) D Deeds D Mortgages. ., Page(s) 10. County. Uf1lI..m Parttllclenbfier lD Desttibed on _ SI1eeI. Exhibit "B" _ 01 "'.... _ ('eQUO.ed only i no 0elJt.. Ills In inl...., of l!Conll: ~1Pf'"'P~wr P.l!TT.J'\T"'!f": ~~ ~;ll' ~C!~:a~a. DEBTOR SIGNATUREISI 9 10 1 \ 11 II Ib RETURN RECEII'T TO nmlSTElN AND BER-ISTEIN, 1133 Pel'ln Avenue ritt.slJurqh, rA 15222 P.C. 4 1/1 ", . . .. ~, . LIST OF COLLATERAL "Collateral" shall mean all of the following property of Debtor: All now owned and hereafter acquired right, title and interest of Debtor in, to and in respect of all: accounts, interests in goods represented by accounts, returned, reclaimed or repossessed goods with respect thereto and rights as an unpaid vendor; contract rights; chattel paper; general intangibles (including, but not limited to, tax and duty refllnds, registered and unregistered patents, trademarks, service marks, copyrights, trade names, applications for the foregoing, trade secrets, goodwill, processes, drawings, blueprints, customer lists, licenses, whether as licensor or licensee, choses in action and other claims, and existing and future leasehold interests in equipment, real estate and fixtures); docllments; instruments; letters of credit; bankers' acceptances or guarantees; cash monies, deposits, securities, bank accollnts, deposit accounts, credits and other property no~ or hereafter held. in any capacity by Secured Creditor, their affiliates or any entity which, at any time, participates in the financing of Debtor or at any depository or other institution; agreements or property securing or relating to any of the items referred to above; All now owned and hereafter acquired right, title and interest of Debtor in, to an in respect of goods, including, but not limited to: All inventory, wherever located, whether now owned or hereafter acquired, of whatever kind, nature or description, including all raw materials, work-in-process, finish~d goods, and materials to be used or consumed in Debtor's bllsiness; and all names or mark s affixed to or to be affixed thereto for pllrposes of selling same by the seller, manufactllrer, lessor or licensor thereof; All equipment and fixtures, wherever located, whether now owned or hereafter acquired, including, without limiation, all machinery, equipment, motor vehicles, fllrniture and fixtures, and any and all additions, substitutions, replacements (including spare parts), and accessions thereof and thereto; All consumer goods, farm products, crops, timber, minerals or the like (including oil and gas), wherever located, whether now owned or hereafter acqllired, of whatever kind, nature or description; All now owned and hereafter acquired right, title and interests of Debtor in, to and in respect of any real or other personal property in or upon which Secured Creditor has or may hereafter have a security interest, lien or right of setoff; All present and future books and records relating to any of the above including, without limitation, all computer programs, printed OlltpUt and computer readable data in the possession or control of the Debtor, any computer service bllreau or other third party; All products and proceeds of the foregoing in whatever form and wherever located, including, without limitation, all insllrance proceeds and all claims against third parties for loss or destruction of or damage to any of the foregoing. Exhibit "A" '0, . . '. '" .. .' BEGINNING at an existing iron pin at common corner of the within described lot addition and land now or formerly of Larry V. williams and Carol D. williams referred to as Lot No. 1 on plan recorded in Plan Book 49, Page 29, to which lot the within described parcel is a lot addition as more particularly specified in the above referred to subdivision plan; thence throllgh lands of the Grantor, North seventy-two (72) degrees zero (00) minutes zero (00) seconds East, slx hllndred thirteen and sixty-eight hundredths (613.6B) feet to an iron pin in line of lands now or formerly of william W. KOllgh, Kenneth E. Kough and J. Earl KOllgh; thence along line of land now or formerly of william W. Kough, Kenneth E. Kough and J. Earl ROllgh, South nineteen (19) degrees twenty-three (23) minutes zero (00) seconds East, four hllndred five and ninety-seven hundredths (405.97) feet to an existing iron pin at corner of lands now or formerly of Eugene W. Deihl; thence along line of lands now or formerly of Eugene W. Deihl and line of lands now or formerly of Marlin E. Ebersole, South seventy-three (73) degrees fifty-seven (57) minutes zero (00) seconds West, two hllndred twelve and forty-five hundredths (212.45) feet to an existing iron pin at line of lands now or formerly of Zane R. Highlands, also referred to as Lot No.3; thence along line of Lot No.3, North sixteen (16) degrees three (03) minutes zero (00) seconds West, sixty and zero hundredths (60.00) feet to an existing iron pin; thence continuing along same, SOllth seventy-three (73) degrees fifty-seven (57) minlltes zero (00) seconds West, four hundred twenty-six and six hundredths (426.06) feet to an existing iron pin in line of Lot No.1; thence along line of Lot No.1, North fifteen (15) degrees forty-six (46) minutes twenty (20) seconds West, three hundred twenty- four and forty hundredths (324.40) feet to the existing iron pin, the point and place of BEGINNING. CONTAINING a total area of 5.090 acres, more or less, in accordance with the above referred to subdivision plan. Exhibit "B" Page 2 of 2 M ~ . .. "~ . . . ... ,. ~ yERIFICATION The undersigned does hereby verify subject to the penalties of 18 pa. C.S. 54904 relating to unsworn falsification to authorities, that he is RONALD F. MATZNER, Plaintiff herein, that he is duly authorized to make this verification, and that the facts set forth in the foregoing COMPLAINT are true and correct to the best of his knowledge, information and belief. Rrn-l.L0 ~f- RONALD F. MATZNER 34'5090595.9 .' I. ,. "'",-.., ,... .... ..... . . '. t__., .,' : " , -,7 I .':-:-\:''''~,1gYi'll''''~ ,.,". 8,~~~-T "...~,~A"~ ~"_.._"...,-~.~.'.. , :"... '.'r .. i @ . . .~ t~- .!) .-,' ... ~ \to ,. - .- .V..,..'..-i:' ~p'" ~ . _\"'w. . <>,~.". -'~~"'.'.t SE' \S 3 OG r~ '95 11 lltt. '_f '.,' . ;'IOM'-'l.kY r,iJ....~_Ll~:~:.i G:',hl"l i'f 'i~~,' ~t>.':' !to -r () Ql 4(p 57s-' ~. (j ;L.1 36 .<""-,."",,,,,,,,,-~."- '0'"""'" ili;,,,';;n-l'~~_~'."":""',i.~.~~..""".""".'-~.~."."- IN THB COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. HALE and RONALD L. MATZNER, Plaintiffs, No. 95-4942 CIVIL TE~1 vs. AFFIDAVIT OF PLAINTIPFS' COUNSEL OP SERVICE OF RULE TO SHOW CAUSE ISSUED BY ORDER OF FEBRUARY 1, 1996 WHY A RECEIVER SHOULD NOT BE APPOINTED AND THE PROPERTY LIQUIDATED COMPONENT BUILDING SYSTEMS, INC., LARRY V. WILLIAMS and CAROL D. WILLIAMS, husband and wife, Defendants. PILED ON BEHALP OF Plaintiffs COUNSEL OF RECORD OF THIS PARTY: CHARLES E. BOBINIS, ESQ. PA I.D. 130665 Bernstein and Bernstein, P.C. Pirm 17lB 1133 Penn Avenue Pittsburgh, PA 15222 412-456-8100 DIRECT DIAL' (412) 456-8102 r BERNSTEIN FILE NO. 49347500 RICHARD M. HALE and RONALD L. MATZNER, IN THE COURT OF COKKON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA Plaintiffs, vs. COMPONENT BUILDING SYSTEMS, INC., LARRY V. WILLIAMS and CAROL D. WILLIAMS, husband and wife, Defendants. 95.4942 CIVIL TERM AFFIDAVIr OF PLAINTIFFS' COUNSEL OF SBRVICB OF RULB m SBOW CAUSI ISSUED BY ORDIR 0.' Jl'BBRUARY 1. 1996 WHY A RECIIVER SHOULD Nor BI APPOINTlD AND THB PROPIRrY LIOUIDArBD Before me, the undersigned authority, personally appeared Charles E. Bobinis, Esquire, who, being duly sworn according to law deposes and says that he did serve a true and correct of the Rule to Show Cause why a Charging Order should not be entered and a receiver should not be appointed to liquidate the property as follows: 1. On Paul Rodz1anko by certified mail on February 5, 1996. A true and correct copy of the letter and the receipt for mailing and delivery being attached and marked collectively as Exhibit "I" and made a part hereof. 2. Upon counsel for Larry V. Williams and Carol D. Williams, Albert S. Bogert, Esquire, by certified mail on February 5, 1996 as shown by a true and correct copy of the cover letter and receipts for sending and delivery by certified mail attached hereto collectively marked as Exhibit "2" and made a part hereof. 3. Upon Carol D. Wllliams by certified mall on February 5, 1996 directed to her residence at 1083 Oakville Road, Newville, PA 11241, and also by certified and ordinary ..il evidenced by Postal Form 3B17 directed to her lsst known address, P.O. Box 2B3, Plainfield, PA 17081 on February 12 and 13, 1996, all as more fully shown by the cover letter of February 5, 1996 and receipts for sending by ordinary and certified mail attached hereto collectively marked as Exhibit "3" and made a part hereof. 4. Upon Larry V. Williams by certified mail on February 5, 1996 directed to his residence at lOB3 Oakville Road, Newville, PA li24l, and also by certified and ordlnary mail evidenced by Postal Form 3B17 directed to his last known address, P.O. Box 283, Plainfield, PA 17081 on February 12 and l3, 1996, all as more fully shown by the cover letter of February 5, 1996 and receipts for sending by ordinary and certified mall attached hereto collectively marked as Exhibit "4" and made a part hereof. And further your Affiant sayeth not. I u re Sworn .to and sUbs~ed before m~ this ,;r' day of fA L'LU..IjH', . 1996. 7 (() , : (1\..A'A. ,\"\ \ f \ '\ ,I .1 t , Nbtary Public ----- Not.llld' ')t~Jl llllda M WhIle. "'olary Public Plnsburgh AII.ogMny County My CommlSStOn hplrw. Aug 29_ '99R ~..._...<t- n._ ."'~ --_. J , ...........~.,..".,,>..1l\.,.<'""''Ir],,~lf1f'rtl. ]4~19.0 111Io -. to......,. loIowIng MMca (far III _1M): ~ 1. lJ Addl 1111'. AddrM8 1 c. ii c ~ a: ~ 0; a: or c "i , A AT T.O R N E Y SAT L ,\ I\' BERNSTEIN AND BERNSTEIN, P.e. ~ "KMMII HIN1\,,"1"!N 't NOBLRT'" K[N:'Ii~nIN 'OIAMLc.l ttr.ltIINI~ ~K:IKlt"~u ...MAWI:.(' . \tAMIT"'E I B[RNSTIIN t'WfN W u. TZ IKlLUE A IlERNSTtIN ~U~VIl)IIIINCENmTtI ,rOUN II f(lVCE tORI A GIINJN ~ .''''&1_"'10''',,, . .,....,-",,,"......... 1..1..,.I_"...........f...~. 1 .'.'.'..nIn"_I_ .. rJOf(S\IO..."t c,llCruJt"IION 1111 I'ENN AvrNUE.''1lTSHURCH. rENNsnV^NIA 15~ TELEMtONE 1"12~5fHtI00 TtUCorlER 1412>> 45&-11135 Paul Rodzianko P.O, Box 757 Tuxedo Park, NY 10987 February 5, 1996 -~. r t.-j 1 ,~ . ". I , ....-... enp" ~ "". V VIA CERTIFIED MAIL. RBTURN RBCllIPT RBQOBSTBD AND 0. S. MAIL 3817 Re: Richard M. Hale and Ronald L. Matzner v. Component Business Systems BERNSTEIN FILE NO. 49347500 Dear Mr. Rodzianko: Enclosed find a copy of the Order of Court of February 1, 1996, issuing a Rule to Show Cause why the Petition for Appointment of Receiver should not be granted. Note that the Rule is returnable at 8:45 a.m. on Thursday, February 29, 1996 in Courtroom #2, cumberland County Courthouse, Carlisle, PA. Very truly yours, BERNSTEIN AND BERNSTEIN, P.C. Charles. ~._.Bobinis . P 572 200 238 I' I i .CaftpIole~ '_4.n11. -- 1 . .COmIiItelllfre3.......... \ I -PnnI your NI'I'Ie InII ~ 1M.... at.. tarm 10.... we can....... .... II..... -AMen.. torm eo'" trtItol1hl1nlllCMCl. or on" MaI........_ plIfftIl .- ~ I .---...... ...........--...--. 'Ii . _nw..._ R<<*PIWlI .... eo whom.................,.. elM dill.. - . & I [] c.rufled a IlIIUred MIou.411 a COD CEa COMPONENT 49347500 us POS1Il SoMee Receipt for Certified MIll No Insuranc. Cover.go PIOIIid<<1 00 not .It lor Inltmttionll Mtil Set_ Son! .. PAUL RODZIAllKO 'S~.nll~ :PO BOX 757 I Pc~ Olf>oo Stal, HIPCoae 10987 TUXEDO P.\RK NY 2.lJ~~ ~'far fee. '.. 3. Anld. AddttIltCl to: PAUL RODZIANKO PO BOX 757 TUXEDO PARi{ NY 238 1""- $ ,32 1.10 10987 '. :C~F" I I I :.0.011 o.w.rv F.. ... RMotndtld o.....-rw ree " a:':::'.ltsmne.:eoDI~"~1.:I ... . Nnom" 0". Ot~\iIItnd , 1: ~.~~>>Manl <( f:'~ ''''''-uN,l:)j'lI\S I rOTlL ;) ,~.,,~ .. t"~s I s 5. RtceIVed By: (Pmt_1 I j' IA_ Agent) ... 1 ..." , 1. 10 2. 52 I 6 J! ';'Is'ma""'-_" .).11' 1/ (;,/ ')h EXHIBIT..1. e is ,. .. c . ~ A T T.O R N E Y 5 A T L A IV BERNSTEIN AND BERNSTEIN, Pc. 'le,",'I',IIII"'I'''1I1'' .t I(U"IR1.. tllltN!oftlN t ntAMLL'F 1tl1fl1M" 1lr,j1(1l0t^~ U KRA"lC . "'''Nl FN[ I UlN~"nIN IlWt:!'Il'" "ATZ !lOII.IF. ^ 8UlNSTtlN ,,')AVIU" UNGENfl:LTIM I k)ttN K !llyn tOMI A ';IINlN ~'I""'_f'lIlI""", - ......._",............ ...,....1lYff'..".......,..."".. ........-"".""."".- ^ rROflSfo,I(1I\AL UIKI'UM"TIO'" IIJ'\ rENN ^\.'.NlJF..I'lmlll'N~;II.I'ENN!'oYlVANIA 1~2.!: TELErttONE 1..1:.....I~fll00 TELEcorlER 1"12145fHtl'~ Albert S. Bogert, Esquire 317 Third Street New CUmberland. PA 17070 February 5, 1996 r:' , ':'" .' ~,~ ..~ \'\7 ," '." i . '. v...... .. J J__'" vn CBRTIJ'IBIl MAIL, RETURN RBCll:IPT REQtJ1l:STBIl AND 11. S. MAIL 3817 Re: Richard M. Hale and Ronald L. Mat:ner v. Component Business Systems BERNSTEIN FILE NO. 49347500 Dear Mr. Bogert: Enclosed find a copy of the Order of Court of February 1, 1996, issuing a Rule to Show Cause why the petition for Appointment of Receiver should not be granted. Note that the Rule is returnable at 8:45 a.m. on Thursday, February 29, 1996 in Courtroom #2, CUmberland County Courthouse, Carlisle, PA. Very truly yours. BERNSTEIN AND BERNSTEIN, P.C. Charles E. Bobinis p . n~_.__ ,. Ii . I z s f 3. Attid. AddreaHd to: ALBERT S BOGERT ESQUIRE 317 THIRD STREET NEW CUHBERLAND PA 17070 111Io wiIh lIlr-..lhe IIlIowing MnItc:e, (lor I/'l IlltJa ,..): .. 1. CI Addo nil" AddlMa ~ 2. CI RII1I1GUd 0IINwy :, Cor1IUl1 poe_, tor ,... C .. 4a. ArUd. NlMnbIr k P 572 201 240 ~ ~. Senrice ype / t o Rego_ IIr Certlftlld II: c:- O ExpmeMail 0 1_ .s .. o RlUnlllCllllllort.llrc:lllndte 0 COD :: ~ 7. Calli _ l II~ .. i (: .~ CEB COMPONENT 49347500 572 200 240 . . .~... 1 ard'or Z b adIiIonII......... "CGm,IIooo _ 3, ... ... 4b. _PnnI ycu nMW n IdIlheI on... ,...... of ttliI farm _thai WI can rwtl.m h, ....to _ -AItacn hi form 10 the lrDrC(ltN lftIIIIMc:a. or on1N bM* if..- cIDII nul _. . "-'-~I'-.p -011"__,,__ - .... "_un1 RecIiclI Willhowta.nom.. M'cie _~ ........ - US Poslal ServICe Receipt for Certified Mail No Insurance Coverage PrcMd8d. Do nol use for International Mail 5.. rwetS.} SenI1'" ALBERT S BOGERT ESQUIRE 5!reel!~~f 7 17070 i POSlolQt , s .32 1.10 i :MlfleQ ;;~e I Sctc.~ Oei......r'oI ref '- ~~!i!f\ct~ :~h'N~" . ~ g: q~!..;m Rec.Ot 5tlc-1/lo-.nq 10 I ,'.'>()'!'ll :;"" LP'Irf"'tO ~ 3.~~~..<r"",,,,,,)I'Ir~ In'..,..~ -t '.1'" \.l.~"\....flPl"},-MS . I ,..-.; J/l PS F,,"" 3811, Oacemoer 1994 1.10 g TOTA.l ;"\Mr:e.. ~..... '" ,., 'S 2. 52 .'.,.....j'. " 2/ ) i q n EXHIBIT. ~ " P 572 200 247 P 572 200 246 us PottaI S8f'I1Ce Receipt for Certified Mail No Insurance Coverage Provld80. 00 not use Inr International Mad ,5,. r(lvefS,J Sent , - US POllal S8f'I1Ce Receipt for Certified Mail No In",ranee Coveraoe Provided. 00 nol UII 'Of InlemallonaJ Mad SHIlJVlJ",el 10 ...... PoslO9O $ CtIOftodFu Cemfiec:lFet St>oaIl o-y Fu _Ill Oohoty F.. otl 81 RoMl Roc"", Shownq 10 - Whom & 0olo 0.._ ~ ....._-.q........ ~Oato.,_.,_ 8" TOTALP_oe&_ S ~_"Olte ~ 02-/1.,]. /yt.- re I Soeoll 0-.. Fe. _..O.......F.. ., 8l _ _ Showlnq 10 - Whom & 0... 00'_ : RNnIOcfClf~lrI~1 ~ C....I..._........ 8" TOTAL P-1lI & FIe, $ GO <')_"011I ~ ,;l/I~/rv <Il 0. ,---=..:' .. .. i .. !l 0 1 4 .. ... .. W j II. .. I 0 . to- t. ": I .. .. ______u ;:: ~ : 01 ~ 1 0:0: ~~ Z~ i~ ~ .... " z.. -I =,,~ , ~ ~ i.. ! g "8 a~ ~ /!!L .. '1 i~ !I ~ l_ , III, Z ~; .., ... f I !if q i r - . i!i 1 - ,.; fJ I - - .. ;J 1 ... II: " ,.; I I g III " 1; - III : i -1 .. ... ... g l' '. ~ "- '- '-. ... l' ... " , . . .; of ssid assets. take measures to liquidate the assets. and prepare a proposed schedule of distribution for approval by the Court. The Receiver will be compensated at his normal hourly rate not to exceed $17S.00/hour; and c. The Receiver shall post a bond of $ discharge of duties as Receiver. , conditioned upon BY THE COURT: , J, U751132.8 - IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION RICHARD M. HALE AND RONALD L. MATZNER, Plaintiffs, vs. CASE NO: 1995-4942 COMPONENT BUILDING SYSTEMS, INC. and LARRY V. WILLIAMS and CAROL D. WILLIAMS, husband and wife, Defendants. PETITION BY PLAINTIFFS, RICHARD M. HALE AND RONALD M. MATZNER FOR ENTRY OF A CHARGING ORDER AGAINST THE INTERBST OF LARRY V. WJ:LLIAKS AND CAROL D. WILLIAIIS. GBNBRAL PARTNERS, IN THE GENERAL PARTNBRSHIP mOWN AS COMPONENT BUILDING SYSTEMS, REAL ESTATB, AND FOR APPOINTMENT OF A RBCEIVER TO LIQUIDATB THB PARTNERSHIP PROPBRTY, PURSUANT TO 15 PA.C.S.A. 18345(al AND PENNSYLVANIA RULB OF CIVIL PROCEDURB 3118 AND NOW come Plaintiffs Richard M. Hale and Ronald L. Matzner, by counsel, to petition this Honorable Court for the entry of a charging order against the interest of Larry V. Williams and Carol D. Williams, his wife, as partners in the partnership known as Component Building Systems Real Estate, and for the appointment of a receiver to liquidate the partnership assets, pursuant to 15 Pa.C.S.A. 58345(a) and Pennsylvania Rule of Civil Procedure 3118, based upon the following: 1. Petitioners are judgment creditors of Larry V. Williams and Carol D. Williams, his wife in an amount in excess of $1,000,000.00, as entered at No. 1995-4942 in this Honorable Cuurt. 2. Plaintiffs and Defendants Larry V. Williams and Carol D. Williams, along with an individual by the name of Paul Rodzianko, are general partners in a partnership known as Component Building Systems Real Estate as more fully recited in the Partnership Agreement of November 28, 1988, a true and correct of which is attached hereto marked as Exhibit "1" and made a part hereof. 3. As judgment creditors of Larry V. Williams and Carol D. Williams, his wife, the Plaintiffs are entitled to the issuance of a charging order against the 50\ interest of Larry V. Williams and Carol D. Williams, his wife in said partnership, and are entitled to have a receiver appointed by this Honorable Court to liquidate the partnership assets in a manner calculated to bring the greatest return and to have the net proceeds applied first to the partnership debt, with any remaining interest of Larry V. Williams and Carol D. Williams, his wife, applied to Plaintiffs' judgment, under the express provisions of 13 Pa.C.S.A. S8345(a) and Pennsylvania Rule of Civil Procedure 3118. 4. petitioners believe and therefore aver that the firm of Cunningham & Chernicoff. P.C. 2320 N. Second Street, Harrisburg, Pennsylvania 17110 by Marc W. Witzig, Esquire, is capable and wllling tv serve as receiver at their normal hourly 147S11U., rates of not more than $175.00 per hour, have no conflict of interest, and can serve the best interests of the affected parties by bringing about an orderly marketing and liquidation of the property, and distribution of the proceeds. 5. Accordingly, your Petitioners pray that this Honorable Court will enter a charging order on Plaintiffs' judgment against the partnership interest of Larry V. Williams and Carol D. Williams, his wife, in the general partnership known as Component Building Systems Real Estate, and appoint Marc W. Witzig, Esquire of the firm of cunningham' Chernicoff, P.C. as receiver for purposes of liquidation of the partnership assets, payment of creditors, and distribution of any remainder according to law. Respectfully submitted, By: BERNSTEIN AND BERNSTEI~ P.C. / ' (~AJ".)~ . Charles E. ~obinis, Esquire Attorney for Plaintiffs/Petitioners Pa. 1. D. #30665 1133 Penn Avenue Pittsburgh, PA 15222 - DIRECT DIAL: (412) 456-8102 BERNSTEIN FILE NO. 49347500 ]4151122 .g ( . , . " , COpy fOR _ INFORMAno. PARTNERSHIP AGREEMENT rJ r HADE AND ENTERED INTO this 2? - day of No lI~h"f./'.. , 198B, by and among LARRY V. WILLIAMS (sometimes referred to as "LARRY") and CAROL D. WILLIAMS (sometimes referred to as "CAROL") and RICHARD M. HALE (sometimes referred to as "HALE") and RONALD F. MATZNER (sometimes referred to as ''MATZNER'') and PAUL RODZIANKO (sometimes referred to as "RODZIANKO"). WITNESSETH: WHEREAS, the parties hereto are desirous of entering into a general partnership for the purpose of owning, leasing and otherwise dealing in real estate and other attendant functions; and WHEREAS, it is the desire of the parties hereto to reduce their understanding to writing. NOW, THEREFORE, for and in consideration of the above recitals as well as for and in consideration of the mutual covenants, promises, obligations and provisions hereinafter set forth, the parties hereto do hereby agree to become partners for the period and upon the terms hereinafter set forth: 1. TEIlH. The partnership shall c01llll\ence on ~c1/. t31 . , 1988, ... and shall continue until terminated as hereinafter provided. 2. NAME. The style and name of the partnership shall be COMPONENT BUILDING SYSTEMS REAL ESTATE. 3. PRINCIPAL PLACE OF BUSINESS. The principal place ~f business shall be in such places within or without the Commonwealth of Pennsylvania as may be agreed upon by the partners. 4. PURPOSE. The partnership shall engage in the businesS of owning, le.sing, improving and selling real estate and such other business or SCHEDULE 2.2 E~\:t I BIT..\-; . - _. businesses as agreed upon by the partners. S. CAPITAL. The capital of the partnership shall consist of the money or property contributed by the respective partners as hereinafter set forth together with such future amounts contributed as is determined by the partners. Each partner shall have an interest in the initial capital of the partnership as follows: LARRY and CAROL 50% HALE 28% MATZNER 20% RODZIANKO 2% Each shall contribute further amounts of capital as may be needed for the appropriate operation of the partnership business as is determined by the partners as provided for in Paragraph l2, in the same respective percentages. An individual capital account shall be maintained for each partner. Except by unanimous agreement of the partners, or upon dissolution, the capital contributions of the partners shall not be subject to withdrawal. If the capital account of a partner becomes impaired. his share of subsequent partnership profits shall be first credited to his capital account until the account has been restored, before such profits are credited to his income account. . 6. ASSUMPTION OF LIABILITIES. It is specifically agreed that there may be existing liabilities assumed or future 1isbilities undertaken with respect to certsin partnership property and the partners agree that such liabilities as are assumed or undertaken shall be or become liabilities of the partnership and each partner does hereby specifically assume responsibility for said liabilities as fully as if he had bean an original obligor at the 2 ~ time of the incurral or accrual of said liabilities as is specified in the document or other undertaking establishing such liability or liabilities and in the absence thereof in direct to proportion to their interest in the capital of the partnership as specified above. 7. PROFITS AND LOSSES. The net profits or net losses of the partnership shall be distributable or chargeable, as the case may be, to each of the partners in the same proportions as their interest in the capital as specified above. An individual income account shall be maintained for each partner. Profits and losses shall be credited or debited to the individual income accounts as soon as is practicable after the close of each fiscal year. If there be no balance in the individual income accounts, net losses shall be debited to the individual capital accounts. If the capital account of a partner shall have been depleted by the debiting of losses under this paragraph, future profits of that partner shall not be credited to his income account until the depletion aha1l have been replenished, but shall be credited to his capital account. 8. BANKING. All funds of the partnership shall be deposited in its name in such accounts as shall be designated by the the partners. All withdrawals therefrom are to be made upon checks signed by any two of the partners. 9. BOOKS. The partnership books shall be maintained in such place as the partners shall agree upon, and each partner shall at all time. have access thereto. The fiscal year of the partnership shall be the calendar year. 10. DEVOTION OF TIME. No partner shs1l be obligated to devote his full time and attention to the conduct of the partnership business, and each 3 .,. partnar ..y bave otbar buaineaa intereata and may engage in any other buaineaa or trade. profeaaion. or employment wbatsnever, on bis own account. or in partnersbip vitb or as an employa of. or as an officer. director or abarebo1der of any other person. firm or corporation. 11. MANAGEMENT. Each of the partners shall have a voice in the management and conduct of partnership business in the same proportions as their interest in the capitsl of the partnership. All decisiona except Paragraph 12 matters shall be by a majority vote. Each partner may draw such a sum as salary as shall be from time to time agreed upon among the partners, which aums shall be deducted from profits before computing the profit shares of the partners. but the payment of the salaries shall be an obligation of the partnership only to the extent there are partnership assets therefor. and sbal1 not be an obligation of the partners individually. 12, RESTRICTIONS ON PARTNERS. No partner may. without the consent of all of the psrtners. (a) borrow money in the firm name for firm purposes or utilize collateral owned by the partnership as security for such loans; (b) asaign. transfer, pledge, compromise or release any of the claims of or debts due the partnership except upon payment in full. or arbitrate or consent to the arbitration of any of the disputeS or controveraies of the partnership; (c) make, execute or deliver any assignment for the benefit of creditors or any bond, deed. lUarantee. indemnity bond. surety bond. or contract to sell or contract of aale of all of the property of the partnership; (d) lease or .urt,a,e any partnerahip real estate or any interest therein or enter into any contract for any such purpose; (e) pledge or hypothecate or in any manner transfer or attempt to transfer his interest 4 in the partnership, except to another party to this agreement; (f) contribute additional capital.. 13. VOLUNTARY LIQUIDATION. The partnership may be dissolved at any time by unanimous agreement of the partners, in which event the partners shall proceed with reasonable promptness to sell or transfer the real and personal property owned by the partnership and to liquidate the business of the partnership. The partnership shall not be dissolved automatically by the sale of all property owned by the partnership. Upon dissolution, the assets of the partnership business shall be used and distributed in the following order: (a) to payor provide for the payment of all partnership liabilities and liquidating expenses and obligations; (b) to discharge the balance of the capital and loan accounts of the partners; (c) to discharge the income accounts of the partners. 14. DEATH OF PARTNER. (a) Upon the death of any partner, the surviving partner (or partners) shall have the right either to purchase the interest of the decedent in the partnership or to terminate and liquidate the partnership business. If the surviving partner (or partners) elects to purchase the decedent's interest, he shall serve notice in writing of such election, within three (3) months after the death of the decedent, upon the executor or administrator of the decedent, or, if at ths time of such election no legal representative has been appointed, upon anyone of the known legal heirs of the decedent at the last known address of such heir. (b) If the surviving partner (or partners) elects to purchase the interest of the decedent in the partnership, the purchase price and value for all of the said interest shall be the sua determined as herein prOVided, which amount includes an amount representing the worth of the company as a going concern, and which amount .ha1l be fixed periodically (and at least once per year) by the decision of 5 . . all tha partnara and set forth in a Certificate of Value (which shall be eigned by all the partners and affixed to this Agreement). If the partners cannot agree upon the fixing of price or if they neglect to fix a price for mora than aix (6) months. the price shall be the fsir market value of the interest of the deceased partner's interest as determined as of the last day of tha month prior to the month of death of the deceased partner by the Cartified Public Accountant then regularly engaged by the partnership utilizing the accounting methods normally used in maintenance of the partnerahip's books and records. consistent with prior years and sound and ganaral1y accepted accounting principles and practice and taking into conaidaration the appreciation in market value of the assets of the partnarship; provided. however. that said price shall not be less than the 1alt price previously fixed by agreement of the partners. If the sale is pursuant to this Paragraph 14 and the partnership or surviving partner (or partners) has in force a life insurance policy or policies on the life of the dacadent in an amount at least equal to or greater than the total purchase prica as determined in this sub-paragraph 14(b). then the full amount of the purchase price shall be paid in a lump sum to the legal representative(s) of the decedent as and when the insurance proceeds are received by the partnership or surviving partner (or partners) until the said purchase price is paid in full. Thereafter any insurance proceeds in excess of the said purchase price shall be divided between the deceased partner's estate and the partnership or surviving partner (or partners) with the former raceiving fifty (50%) percent and the latter retaining fifty (50%) percent. If tha aa1e is pursuant to this Paragraph 14 and the partnership or surviving partner (or partners) does not have in force a life insurance policy on the 6 ~ life of the decedent or, in the event that the partnership or surviving partner (or partners) has in force a life insurance policy or policies on the life of the decedent that is/are less than the total purchase price payable to the decedent as determined in this sub-paragraph 14(b) , then the life insurance proceeds, if any, shall immediately be payable to the legal representative(s) of the decedent as and when received by the partnership or surviving partner (or partners) and the balance remaining of the total purchase price shall be paid as follows: Twenty-Five (25%) percent of the remaining balance of the purchase price shall be paid in cash or by certified check within one hundred twenty (120) days after the decedent's death and the balance by a non-negotiable promissory note (with confession of judgment only upon default), bearing simple interest at the rate of ten (lO%) percent per annum and payable in sixty (60) equal monthly payments of principal and interest, the first installment of which shall be due one (l) month after the due date of the aforesaid twenty-five (25%) percent down payment. The purchaser shall have the full prepayment privileges without penalty. The obligations of the purchaser shall be personal, joint and several, obligations of the surviving partner (or partners). (c) If the surviving partner (or partners) does not elect to purchase the interest of the decedent in the partnership, they shall proceed with reasonable promptness to sell the real and personal property owned by the partnership and to liquidate tbe business of the partnership. The surviving partner (or partners) and the eetate of the deceased partner shall share proportionately in the profits and losses of the business during the period of liquidation, except that the decedent's estate shall not be liable for losses in excess of the decedent's interest in the partnership at the time of his death. No compensation shall 7 . . be paid to the surviving partner (or partners) for his services in liquidation. Except as herein otherwise stated. the procedure as to liquidation and distribution of the assets of the partnership shall be the same as stated in paragraph with reference to voluntary liquidation. 15. WITHDRAWAL OF PARTNER. (a) Any partner shall have the rigbt to withdraw from the partnership at any time. Written notice of intention to withdraw shall be served upon the other partner at the office of the partnership at least three (3) months before the effective date of the withdrawal. The withdrawal of any partner shall have no effect upon the continuance of the business. The remaining partner (or partners) sbal1 have the right either to purchase the withdrawing partner's interest in the partnership or to terminate and liquidate the partnership business. If the remaining partner (or partners) elects to purchase the interest of the withdrawing partner, he shall serve notice in writing of such election upon the withdrawing partner at the office of the partnership within two (2) months after the effective date of the withdrawal. (b) If the remaining partner (or partners) elects to purchase the interest of the withdrawing partner in the partnership, the purchase price and value for all of the said interest shall be the sum, detennined as herein provided. which amount includes an amount representing the worth of the company as s going concern and which amount shall be fixed periodically (and at least once per year) by the decision of all the partners and set forth in a Certificate of Value (which shall be signed by all the partners and affixed to this Agreement). If the partners cannot agree upon the fixing of price or if they neglect to fix a price for more than one (1) year, the price ,hall be the aum of the following: (1) the amount specified above or agreed to and .et forth in the B . , last executed Certificate of Value and (2) the increaae, if any, in the book value of the withdrawing partner's interest from the date of the most recent fixing of value (either by this Agreement or in the last executed Certificate of Value) and the effective date of the withdrawal. This price shall be determined by the Certified Public Accountant then regularly engaged by the partnership utilizing the accounting methods normally used in maintenance of the partnership's books and records, consistent with prior years and sound and generally accepted accounting principles and practice and excluding the appreciation in market value of the assets of the partnership acquired by it since the date of the most recent fixing of value. Said price shall not be less than the last price previously fixed by Agreement of the partners. The said price shall be payable as follows: Ten (10%) percent of the purchase price shall be paid in cash or by certified check within sixty (60) days after acceptance of the offer as provided for above, and the balance by a non-negotiable promissory note (with confession of judgment only upon default), bearing stmple interest at the rate of ten (10%) percent per annum and payable in three (3) equal annual payments of principal and interest, the first installment of which shall be due One (1) year after the due date of the aforesaid Ten (10%) percent down payment. The purchaser shall have full prepayment privileges without penalty. The obligations of the purchaser shall be personal, joint and several, obligations of the surviving partner (or partners). If, at the time o! the withdrawal, there is in effect life insurance upon the life of the Selling Partner, said life insurance or at least so much al equals laid outstanding balance Iha11 be maintained at the cost and expense of the partnership or the remaining Partners, as the case .ay be, until such time aa the laid balance is paid in full and upon the 9 " death of the Selling Partner, the proceeds of said insurance shall be utilized to pay the said balance. If there is excess insurance proceeds, the excess shall be divided between the Deceased Partner's estate and the partnership or surviving partner (or partners) with the former receiving fifty (50%) percent and the latter retaining fifty (50%) percent. (c) If the remaining partner (or partners) doea not elect to purchase the share of the withdrawing partner within the time period specified in (a) above, then the withdrawing partner shall have the option to purchase all of the interests of all the remaining partner (or partnera). exercisable in writing, within thirty (30) days after the expiration of the time period specified above. Said option price shall be determined and terms of payment shall be as apecified in sub-paragraph (b) above. (d) If the remaining partner (or partners) does not elect to purchaae the interest of the withdrawing partner in the partnership, and the withdrawing partner does not elect to purchase the interest(s) of the remaining partners. the partners shall proceed with reasonable promptness to sell the real snd personal property owned by the partnership and to liquidate the business of the partnership. The procedure as to liquidation and distribution of the assets of the partnership business shall be the same as stated in paragraph 13 with reference to voluntary liquidation. 15(e) The parties hereto acknowledge that any act constituting a withdrawal pursuant to the terms hereunder shall simultaneously constitute an offer of the partners' shares in COMPONENT BUILDING SYSTEMS. INC. pursuant to the terms of a certain Shareholders Aareament dated the 7'~~day of /v'QlI~hfA , 1988. 16. OWNERSHIP OF REAL ESTATE. It il specifically aareed that the title 10 to the real estate of the partnership may be held as partnership property by the partner or partners designated by the partnership as trustee(s) for the partnership. Each partner as such trustee agrees not to conveyor otherwise deal with the said real property in any manner inconsistent with the agreement of the partners snd the said trustee hereby agrees to indemnify said partnership for any losses occasioned by any dealing with the said property by trustee in any manner inconsistent with decisions msde by the partners in accordance herewith. The said psrtnership. and the partners hereof. hereby agree to indemnify said trustee(s) for any personal liability which might result to said trustee because of his holding legal title to or dealing with the above described property, so long as said dealing is in accordance with decisions of the partners made hereunder. The partners may execute and record in the office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, a memorandum of agreement evidencing on record title that the real estate is hereinafter held as a partnership asset. 17. LIFE INSURANCE PROVISIONS. To provide the funds necessary to carry out the purchase of a partner's interest at his death. the partnership and the partners agree as follows: a. The partnership is/may become the applicant. owner and beneficiary of life insurance policies upon the lives of the partners as are/shall be listed on Schedule "A" hereof. The partnership agrees to pay all premiums on the insurance policies taken out pursuant to this Agreement and shall give proof of payment of premiums to the partners whenever anyone of them shall so request such proof. If a premium is not paid within twenty (20) days after its due date, the insured shall have the right to pay such premium and be reimbursed therefor by the partnership. The partnership shall have the right to purchase additional insurance on the life of any of the partners; such edditional policies shall be listed on Schedule "B" attached hereto and made a part of this Agreement, alonl with any substitution or withdrawal of life insurance policies subject to this Alreement. In the event that the partnership decides to purchase 11 additional insurance, each partner hereby agrees to cooperate fully by performing all the requisites of the life insurer which are necessary conditions precedent to the issuance of life insurance policies. Payment of premiums by the partnership shall be accounted for as an ordinary business expense. b. Upon the death of a partner. the partnership shall, if the surviving partners elect. pay the purchase price and make the payaents as established by and in accordance with Paragraph 14 above. The executor or administrator of the estate of the deceased partner shall execute a bill of sale of the deceased partner's interest in the partnership to the partnership and a waiver of any right of accounting on the part of the surviving partners. At the same time. the surviving partners shall execute and deliver to the estate of the deceased partner an agreement indemnifying the estate of the deceased partner against all liabilities of the partnership. The sale shall take effect as of the close of business on the date of death of the deceased partner. If the net proceeds of life insurance policies insuring the life of the deceased partner are greater than the purchase price as determined in Paragraph 14 above, the excess proceeds shall be divided between the deceased partner's estate and the Corporation with each receiving Fifty (50%) percent of such excess. If the net proceeds of such life insurance are less than the said purchase price, the balance above said net proceeds shall be paid in accordance with said Paragraph 14. c. Any partner who disposes of his interest in the partnership during his lifetime shall have the right to purchase the policy or policies of insurance on his life owned by the partnership by paying an amount equal tothe interpolated terminal reserve as of the date of transfer, plus the proportionate part of the gross premium last paid before the date of transfer which covers the period extending beyond that date, less any existing indebtedness charged against the policy or policies. This right shall lapse if not exercised within 90 days after such dispoaal. d. The surviving partners. the partnership and the personal representative of the deceased partner shall make. execute and deliver any documents necessary or desirable to carry out this Agreement. e. In the event of a termination of this Agreement before the death of a partner. each partner shall be entitled to purchase from the partnership the policy or policies on his life upon payment of an amount equal to the interpolated terminal reserve as of the date of transfer, plus the proportionate part of the gross premium last paid before the date of transfer which covers the period extending beyond that date, leiS any existing indebtedness charged aaainst the policy. 18. BlNDING EFFECT. The parties hereto have entered into this agreement with the intent of being legally bound hereby and of legally binding their respective heirs. successors and Ilsigns. This agreement ahall be 12 ., , interpreted under the laws of the Commonwealth of Pennsylvania. 19. ENTIRE AGREEMENT. This agreement represents the entire understanding between the parties hereto with respect to the terms of partnership and shall be amended or modified by written agreement signed by both parties hereto. 20. NOTICES. All notices provided for under this agreement shall be in writing and shall be sufficient if sent by certified mail to the last known address of the party to whom such notice is to be given. 21. ANY OFFER (OR DEEMED OFFER), transfer of stock in violation pursuant to the terms and provisions of a certain shareholders agreement among the ref parties hereto dated the /-J - day of JI U ,A....k ,1988. without the consent of all parties hereto shall be and act as a notice of withdrawal under Paragraph 15 hereof. 22. Any other terms and conditions hereof notwithstanding. it is hereby agreed by and between all of the parties hereto that as to the interests of Larry V. Williams and Carol D. Williams herein and hereunder. those interests shall upon the death of one of the two of them pass automatically and by right of survivorship to the survivor and such passage shall not trigger the operative provisions concerning the purchase of the interest of the deceased partner. It is further agreed that as between Larry V. Williams and Carol D. Williams, the interest of each shall be freely tranlferable to th~ other pursuant to the terms of an agreement reached between them and such transfer Ihlll not constitute an act of transfer which shall trigger the operative provisionl hereof concerning the purchase of the interest of a withdrawing partner. IN WITNESS WHEREOF, the partiel hereto have executed thil agreement the 13 illl.~'I(';!lllO:.lI -:ht~ :;:.d~rn'.-:;'l,?j (lo...~~ ~.eflib'i ..~t...f l t1'It'JeCt .OJ ~ : ~t~ ,~ :.(t ~. .'~ t. :.. I . " i' ~I i ~.\ ).:.. It.'1~t1n(j t...1 .~r.~''''': ,I'; !"..ii~~.~~,\t;.,;n :.., ,'14':.h.)1.1t.l~u t....,).. ',r: .', ;;. ~ :; , l ,I :1,,',". ;. . ,I . ;','~ .. he.. ~ J I~. t:..-.l ~I~ (1....:.: it....'. hot. zeJ t'" ~a.ke thlu ',"J!% . .. . ,al ~ ):'i. ..u 1 ..,: :..'! t "~:':I [,...- f":~h i ~. .. :.".1" " .r:.') ,:et n.:\.' .r.d . r:~ ~ _ ~. 'I t ,',;'; .~'^. ",!~l: - rf' ~. l~ ,I . I ...... . (' ~ I t'? ~ . . .. ~ , - ~ . . CIRTlrlCATI or SIRVICI I hereby certify that a true and correct copy of the within Petition was served on the following parties by regular U, S. Mail, postage prepaid, this 4th day of January, 1996, addressed as follows: Eugene E. Pepinsky, Jr., Esquire KEEFER, WOOD, ALLEN & RAHAL P.O. Box 11963 Harrisburg, PA 17108-1963 Albert S. Bogert, Esquire 317 Third Street New Cumberland, PA 17070 Mr. Larry V. Williams 1083 Oakville Road Newville, PA 17241 Mrs. Carol D. 1083 Oakville Newville, PA Williams Road 17241 Paul Rodzianko East Lake Road P.O. Box 757 Tuxedo Park, NY 10987 Pennsylvania Department of Revenue Bureau of Compliance Box 8901 Harrisburg, PA 17105 Dauphin Deposit Bank c/o Eugene E. Pepinsky, Jr., Esquire KEEFER, WOOD, ALLEN & RAHAL P.O. Box 11963 Harrisburg, PA 17108-1963 U.S. Department of the Treasury Internal Revenue Service P.O, Box 9866 Harrisburg, PA 17108 Attention: David Schroyer, Esq, Farmers Bank and Trust Company of Hanover Hanover, PA 17331 PNC Bank Mortgage Services Division 2000 Oxford Drive Bethel Park, PA 15102 CUmberland County National Bank 331 Bridge Street New Cumberland, PA 17070 Darlene Pittman, Tax Collector North Newton Township 903 Big Spring Road Shippensburg, PA 17257 Charles E. Bobinis, Esquire ]4151208 <J ATTORNEYS AT LAW BERNSTEIN AND BERNSTEIN, p.c. OIC.NI'III BU~llIN 0, ~()tIl-N'!II 8l_KNSTElN t l:IV.RU~.. IkmlNl!t "'K.'t1()l""'U ~KA,",I( . M"RII NF I "fR~Sn.IN OWF.N w ~AT7. It, ltUF." BERNSTEIN !i UA\'IOR UNCf.NFfUfR I "lIIN II 'OYef lORI" l,ltNJN . .'....l_n"....I.. . '''...'.1_"11....'11.... . . ....IOU'lft'....."., ~'...,. ......._111'........_, A rU)II t,SI(I'41 flHr(lIAflOflf 11\\ rrNN A"[NUl. "nSlIlIRI.II.I'F.NM;ll \'A"'I'\ 1'222 rnn'1I0!'l.lf 1..12....~II11C TH.fllJrIEill"1214~1'\'" cc: Albert S. Bogert, Esquire 317 Third Street New Cumberland, PA 11070 Marc Witzig, Esquire CUNNINGHAM & CHERNICOFF, P,C, P.O, Box 60457 Harrisburg, PA 17106-0457 H7S022l.g SIIERIFF'S RF.TlIRII - REGULAR CASE I/O: 1995-04942 P GOMMOI/WEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND HALE RICHARD M ET AL VS. COMPONENT BUILDING SYSTEMS II/e ROBERT L. FINK. SR, , Shef1fi or ['eput,' Sheriff of CUMBERLAN[l Coun t y. 1',-nns,'1 van "". who bel ng du 1 y swor n 'lccQrd Ing to law. says. the wlthln COMPLAINT was ser"ved upon COMPONENT BUILDING SYSTEMS INe the defendant. at 1000:00 HOURS. on th.? 21st day of Septemb~l~____ 1995 at ._108J OAKVI_LLE ROAD NEWV ILLE. PA 17241 . ':UM~ERLAN[' County. Pennsylvanla. by handIng to ~A~BI-Y" WILLIAMS. OWNER OF ABOVE NAMED DEFENDANT a true and attested copy of the COMP~AINT and at the same tlme dIrectulg tllS at'.entIon to the contents thf're"cf. Sherlff's Costs: DnCKetlng Servicf::> Aft ldav 1 ,_ Surcharge 1[\.00 Su ~fJSWers: d~/'J/ ,/~ ~~ /~1::':'J) R:- TTi~) mas~i~~~~~- 9. ::,,::; "., , ,., h' ,~~... '~~"l:'')'TBERNSTE III A1W r"RW;TEI N l"'\9/~-~~)/lq'f1-! ~ b'" .._~~~~~ Sworn anl1 Fllh8crlbed lc bet~I-~ r'l~ thlS .I7~.. d"y "1 ~.t::,- ..- 19_2'L A.:, c.... ~. / )~tJ(. ~_ .. - rL.L- .l.{,. .., ~ - -- ""'. r .. r 1 " - fi''-'!''' tI r', r :5IlER iFF'" RETIJRN Ht:{jULtdi CASE NO: 1995-0494: P COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND HALE RICHARD M ET AL VS, COMPONENT BUILDING SYSTEMS_INC ROBERT L, FINK. SR, , Sh'?nff O!' ['''put;. SherIff ,)f CUMBERLAND County. Pennsylv;lnla. "ho bC!lng duly cw'?!'n ,",ccorchnq to la". says. t.he "IUnn i;OMPLAIl!.I-________.._..__ upon WILLIAMS CAROL D defendant. ;Jt _1000~S1 HOURS. on thf? ~ day c>l ~~"mt>eI__. ...as EE"rved thE' 1995 at IIll83 OAKVILL RO[\[!.______._ NEWVILLE. PA 1724 i _.____.__. \:_UMBERLANt. County. Penney I VanIa. b)' handIng to \.Af.\B.L_~... W i LL_IAM~HUSB^N['.CiF__._._ CAROL D, WILLIAMS ...,.,--------_._-_._-_.._--_._----~_..- a tn'E' and atteGtE'd copy of the __\=_OMPLAINT , ---_.------- and at the samE' tIme dlrectlno 1-11" att.entlon to the content=.: the!'.,o!, SherIff's Costs: [l,..-ket lno :.~ervlce - AffIdavIt Surcharge b. 0('\ .00 ,00 ..., 1''-) ;::'0 ans"ers.,' ~~ #'1.." . r >~:.,...,.,.,..-<< - ~ rr;-Tno.rii;i's-RI i -r,',e.;' ""T.ej--rrr -$B'~l'IQr'BERNSTU N ANI' BEfiN'.~TEl N IZ':~ I ::r:,.' 1 Y(:1~) by Oy~) ..~ ~,!.' ~_5~ ,-'('r\IJq;,~~-~-(.J SVt")rn arJ':1 StJbgCfll''2,j t':' bE't J;': 'tf,._\ 1 hI s-1,J. ~ j"y ,.! _0~,r;(...- 19_1.L A, t. 'J" ~. ~. ( )"'-..U..... u.,.c:;1 '1'....;. - .-' n'crcl r .,.- flr'n.. ..-tf Y